EXEMPTION OF U/S 54 EC AVAILABLE OR NO TO PVT. LTD. CO.
This query is : Resolved
19 June 2007
MY QUERY IS IS IT POSSIBLE THAT PVT. LTD. SALE SHARES ANG EARN LTCG , IT CAN BE ADJUSTED BY INVESTMENT IN U/S 54 EC , PLS CLEAR ?
21 June 2007
this exemption is available to all assessees and on the sale of any long term assets including shares.
so it is very much possible for a pvt ltd to claim exemption
so it is very much possible for a pvt ltd to claim exemption
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