Govt Imposes Rs 10 Cr Deduction Limit on Capital Gains on Re-investment in Residential Properties

The government imposed a limit of Rs 10 crore for deduction on longterm capital gain tax for reinvestment in residential properties under Section 54 and 54F of the Income Tax Act.The government imposed a limit of Rs 10 crore for deduction on longterm capital gain tax for reinvestment in residential properties under Section 54 and 54F of the Income Tax Act.