Short term capital gain
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
07 April 2013
what are the exemptions available on short term capital gain on sale of an industrial property?
is investment of sale proceeds in a residential house property eligible for exemption? if yes, under which section?
is investment of sale proceeds in a residential house property eligible for exemption? if yes, under which section?
Guest
Guest
(Expert)
07 April 2013
Exemptions are as follows :
1. investment in land or building for industrial purpose u/s 54D.
exemption is not allowed if investment made in residential house property.
1. investment in land or building for industrial purpose u/s 54D.
exemption is not allowed if investment made in residential house property.
08 October 2021
Yes, u/s. 54GB ...
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