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CA Final doubt

Is exemption of 100000 u/s 112A available while calculating capital gain in accordance with first proviso of sec 48 ? Or the whole amount of capital gain is taxable without any exemption.

Asked by Preeti20 Mar 2024805 views

1 answer

  1. Keerthi · 4 May 2024

    While calculating112A capital gain exemption upto 1 lakh is available.Any amount in excess of 1 lakh is taxable under 112A

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