Capital gain

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Querist : Anonymous

Querist : Anonymous (Querist)

20 May 2014 company can save capital gain tax on sale of company office or not ?
if yes then how?

Nikhil Kaushik

Nikhil Kaushik (Expert)
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20 May 2014 if it is a depreciable asset, then no savior, otherwise, you can explore 54EC

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Querist : Anonymous

Querist : Anonymous (Querist)

21 May 2014 thanks sir,
it was not a depreciable asset, we sold it in feb., now 6 months period has not elapsed but financial year is changed, so whether we can invest now?
Further, i repeat this asset is transferred by company, so 54EC is applicable to company also?

Nikhil Kaushik

Nikhil Kaushik (Expert)
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21 May 2014 Yes 54ec is applicable for companies.

Querist : Anonymous

Querist : Anonymous (Querist)

21 May 2014 what abt 6 months time limit since financial year is changed?

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