Question ID : 1763

Section 80 C dedeuction from Long Term Capital Gain

Whether Section 80 C deduction is avaible for Long Term Capital Ga for the A.Y. 2006-07.

Suppose a senior citozen is havg the followg come durg the P.Y. 2005-06:

come from pension Rs. 1,50,000
Long term capital Ga
on sale of House property Rs. 1,00,000
vment PPF Rs. 70,000

What will be the tax liability?

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