Capital Gain Tax
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
16 November 2010
Mr. X owned 80% shares of a closely held company. now he is selling his shares. Can he avail the benefit of tax exemption if he want to invest in another capital asset.
16 November 2010
Tax exemtpion iwll be avaible only if investment made in bonds u/s 54EC & flat u/s 54F if sale is of shares held for more tan one year.
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