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Harshit Goyal

Latest Posts by Harshit Goyal

No applicability of section 14A on LTCG exemption of Rs.1 Lakh

January 14, 2021 64422 Views 2 comments Print

No applicability of section 14A on exemption of Rs.1,00,000/- (One Lakh) Long Term Capital Gain (LTCG) under Section 112A of Income Tax Act, 1961. Section 14A shall not be applicable on LTCG income earned u/s 112A. The answer to the questions of applicability of section 14A for LTCG u/s 112A, as income covered under section […]

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