Capital gain on transfer of shares
This query is : Resolved
15 September 2009
Can I invest in Agricultural land and get benifit u/s.54 on long term capital gain on transfer of shares.
Ratan Sharma
(Expert)
15 September 2009
LTCG on transfer of share is already tax free therefore no deduction is allowable u/s. 54. Otherwise also you can not claim the deduction u/s. 54 by investing the LTCG on shares in the purchase of agri land.
16 September 2009
If shares are listed on Nasdaq and not in India then also is it tax free.
And if not can I take benifit by investing in Agri. land?
And if not can I take benifit by investing in Agri. land?
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