Answer Posted / manoj s
SECTION 45 OF INCOME TAX ACT 1961 SPEAKS ABOUT CAPITAL
GAIN..
CONDITION TO BE FULFILLED:
1. THERE SHOULD BE A CAPITAL ASSETS
2. SUCH CAPITAL ASSETS HAS TO BE TRANSFERRED BY THE ASSESEE
3.. SUCH TRANSFER SHOULD BE IN THE CURRENT PREVOUS YEAR..
4.. FROM THAT TRANSFER ANY PROFIT OR GAIN SHOULD ARISE...
5.. THE GAIN SHOULD BE NOT BE EXEMPTED FROM SEC
54,54B,54EC,54D,54F,54G,54GA
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