Under which section, a firm is eligible for exemption in respect of long term capital gain arising from the sale of a residential house:

Related MCQs

• For being long term capital gain, the asset should be retained by the assessee for a period of:
• For being a long term capital gain, the assessee should retain the shares for a period of:
• The amount of exemption in respect of academic allowance is limited to:
• The amount of exemption in respect of tribal area allowance is:
• The maximum amount of exemption in respect of gratuity received by an employee covered by the Payment of Gratuity Act is:
• The annual value of a house property is Rs:1,40,000. Mr. X and Mr. Y are equal co- owners of the house. X’s income from house property shall be:
• An assessee paid Rs: 64,000 as interest on a loan taken in the P.Y 2018-19 for the renovation of self-occupied house. While computing income from H.P, he is eligible for deduction to the extent of:
• The aggregate amount of deduction under section 80 C, section 80 CCC and section 80 CCD(1) shall not exceed:
• The exemption of retrenchment compensation received by an employee under Industrial Dispute Act shall not exceed:
• The exemption of payment received under VRS shall not exceed: