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EXEMPTION OF U/S 54 EC AVAILABLE OR NO TO PVT. LTD. CO.

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(Querist)
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 ?
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Abhisek Konar

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Abhisek Konar (Expert)
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

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