Easy Office

Section 54f applicability on slump sale

This query is : Resolved 
Profile Image

Profile Image

(Querist)
17 March 2017 Assessee sold her business including assets for a consideration. Can she claim exemption u/s 54F or invest in capital gain bonds to reduce her tax liability?
Profile Image

Bhaskaran Chackrapani Warrier

Profile Image

Bhaskaran Chackrapani Warrier (Expert)
18 March 2017 Yes, exemption u/s 54EC or 54F can be sought for. Citation - ACIT v. Raka Food Products, 277 ITR 261 (Mad).

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries


Easy Office

Trending Online Classes

view all classess
CCI Pro


Answer Query



Quick Links