⭐ Important points (exam-critical)
- ⭐Indexation NOT allowed for Sec 112A LTCG or 50AA (specified mutual funds).
- ⭐Sec 54 — new property must be purchased 1 yr before / 2 yrs after, or constructed within 3 yrs.
- ⭐Sec 54EC limit: ₹50 lakh per FY (cumulative); 5-year lock-in.
- ⭐Slump sale (Sec 50B) — gains = sale consideration − net worth of undertaking.
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