CAPITAL GAIN INVESTED AS PER 54GB
This query is : Open
12 March 2017
I HAVE INVESTED MY CAPITAL GAIN IN EQUITY OF MANUFACTURING CO.
AFTER 5 YEARS LOCK IN PERIOD, I HAVE SOLD THE EQUITY SHARES AND USE THIS MONEY IN MY NEW BUSINESS.
IN THIS CASE WHETHER MY AMOUNT IS TAXABLE.
PLZ SUGGEST.
GULRAJ AILANI
(Expert)
13 March 2017
Amount is not Taxable
Girish Aradhya
(Expert)
13 March 2017
Not taxable being long term capital gain
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