54E. Capital gain on transfer of capital assets not to be charged in certain cases.
#section54E #incometaxact #capitalgain #capitalassets According to section 54EB of the Income Tax Act of 1961, capital gain on the transfer of long-term capital assets not to be charged in certain cases. There are three clauses in this section. First Clause First clause states that When the capital gain results from the transfer of a long-term capital asset [prior to the 1st day of April, 2000] (the capital asset so transferred being referred to in this section as the origina