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.

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?


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