Capital Gain Tax
This query is : Resolved
15 June 2009
myself belong from baroda,and i'm c.a.final student. can i get the information regarding the total saving of capital gain tax by the company having capital gain of 52 crores.
pls reply as early as possible.
pls reply as early as possible.
15 June 2009
Tax Savings for Capital Gains of Companies available under the following heads:
a) 54D - only in case of COMPULSORY Acquisition (as per Conditions)
b) 54EC - investment in certain bonds - Maximum Rs. 50Lakhs(from 1.4.07)
c) 54G -Shifting of Industrial Undertaking from Urban Area (as per Conditions)
Based on the above, company can claim exemption from capital gain
a) 54D - only in case of COMPULSORY Acquisition (as per Conditions)
b) 54EC - investment in certain bonds - Maximum Rs. 50Lakhs(from 1.4.07)
c) 54G -Shifting of Industrial Undertaking from Urban Area (as per Conditions)
Based on the above, company can claim exemption from capital gain
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