Short term capital gain

This query is : Resolved 

Avatar

Querist : Anonymous

Profile Image
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?


Profile Image

Guest

Profile Image

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.

08 October 2021 Yes, u/s. 54GB ...


You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries



CCI Pro
Meet our CAclubindia PRO Members

Follow us
add to google news



Answer Query