Section 54F of the Income Tax Act, 1961, is a provision that offers relief to taxpayers on the capital gains arising from the transfer of a long-term capital asset other than a residential house. This section is designed to encourage individuals to invest in...
It is very important for an individual to determine the residential status as the taxability under Income Tax Act 1961 is depends on the residential status of individuals. There are three types of residential status of individuals which are as follows- 1. Resident 2....
