Income-tax Act, 1961
Section - 54EA - Capital gain on transfer of long-term capital assets not to be charged in the case of investment in specified securities
Capital gain on transfer of long-term capital assets not to be charged in the case of investment in specified securities.54EA. (1) Where the capital gain arises from the transfer of a long-term capital asset before the 1st day of April, 2000 (the capital asset so transferred being hereafter in this section referred to as the original asset) and the assessee has, at any time within a period of six months after the date of such transfer, invested the whole or any part of the net consideration in any of the bonds, debentures, shares of a public company or units of any mutual fund referred to in clause (23D) of section 10, specified by the Board in this behalf by notification in the Official Gazette (such assets hereafter in this section referred to as the specified securities), the capital gain shall be dealt with in accordance with the following provisions of this section, that is to say,-
| (a) | - | if the cost of the specified securities is not less than the net consideration in respect of the original asset, the whole of such capital gain shall not be charged under section 45; |
| (b) | - | if the cost of the specified securities is less than the net consideration in respect of the original asset, so much of the capital gain as bears to the whole of the capital gain the same proportion as the co .... To read the full section download the app from Google Play store
ARTICLESHIP
07 September 2026
Article/ Paid AssistantMurali and Sumeet Chartered Accountant Bengaluru CA Foundation View Details
ARTICLESHIP
01 September 2026
ArticlesSaini Pati Shah & Co LLP, Chartered Accountants Mumbai CA Foundation View Details
ARTICLESHIP
07 September 2026
CA ArticlesKothari Jain Patil & Chartered Accountants Pune CA Inter View Details
CCI
Pro
|
CAclubindia
