Setback to Investment in Residential Houses: Union Budget 2023 Proposes Capital Gain Exemption Limit u/s 54 and 54F [Read Finance Bill]

By Navasree A.M - On February 1, 2023 2:21 pm - 2 mins read
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In the Union Budget 2023, the Union Finance Minister Nirmala Sitharaman has proposed the exemption limit of the Capital Gain under section 54 and Section 54F of the Income Tax Act, 1961. According to the budget speech, tax on capital gains can be avoided by investing proceeds of such gains in residential property. This is…

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