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Are any capital gains exempt under section 10?

By IndianMoney , 8 months ago

Yes, the following: - Section 10(33): capital gains arising out of the transfer of units of the unit scheme 1964 - Section 10(37): Tax exemptions can be claimed on capital gains by individuals and HUF for the transfer agricultural land situated in an urban area by way of compulsory acquisition. - Section 10(37A): Tax exemptions can be claimed by HUF or individuals on capital gains from transfer of land or building under Andhra Pradesh Capital City Land Pooling Scheme rules. - Section 10(38): Long-term capital gains arising out of the transfer of equity shares or equity-oriented mutual funds or units of a business trust as refereed under Section 47 (xvii)

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