A partnership firm sold a residential house. The firm will get exemption under section .................... on capital gains.

Related MCQs

• Exemption u/s 54 is allowed when a residential house is sold and the investment is made in .............................
• For claiming exemption u/s 54, the assessee should construct the residential property within .........................
• Partnership firms are governed by the provisions of the Indian Partnership Act of ...................
• A partnership firm will be assessed as firm if there is .........................
• In case of residential status of HUF ,firm and AOP if control and management are wholly outside India they are deemed as..................
• The income tax rate on long term capital gains for an individual is .................................
• What are the exemption limit in Hostel Expenditure Allowance?
• Statutory limit for exemption of compensation received at the time of voluntary retirement (VRS) is.............................
• The maximum tax exemption to a senior citizen for the assessment year is ......................
• The basic exemption up to which income is not taxable for an individual resident is ..............