banner_ad

Transfer and sale of shares

This query is : Resolved 
Profile Image

Profile Image

(Querist)
10 October 2011 An assessee holds lakhs of shares of a company and he/she sells the same to its sister concern having the same address and again sells them to another sister concern of the copmany having same address and claim for capital gain. Will he/she is elligible for indexation and whether he/she is elligible for 54EC
Profile Image

CA.E.Deepan Chakravarthy

Profile Image

CA.E.Deepan Chakravarthy (Expert)
11 October 2011 How it is possible sell a same shares for two times
54EC is available for the transfer of Long term capital asset, but you have to invest the capital gain in REC bonds within six months of transfer.
Indexation benefit is available, but it is at your option.
Profile Image

sumit jain

Profile Image

sumit jain (Expert)
11 October 2011 Please Elaborate
Profile Image

M.N.Chndrasekaran Menon

Profile Image

M.N.Chndrasekaran Menon (Querist)
14 October 2011 Thanks a lot for your advice.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
07 May 2026
CA Assistant

amit desai and co

Mumbai

CA Final

View Details
Company
19 May 2026
Article, CA & Paid Assistant Positions

Aggarwal Sarawagi and Co

New Delhi

CA

View Details
Company
19 May 2026
Accountant

ca kunjan

Mumbai

CA Inter

View Details
Company
ARTICLESHIP 14 May 2026
CA ARTICLE

PRAVEEN GARG & CO

Faridabad

CA Foundation

View Details
Company
21 May 2026
Associate

PWC

Kolkata

CA

View Details
Company
ARTICLESHIP 28 May 2026
Accounts, Audit & Compliance Executive

Shyam Joshi & Associates

Pune

B.Com

View Details
Company
16 May 2026
Account & Audit Asst

RAHUL KHANDEBHARAD & ASSOCIATES

Nashik

B.Com

View Details
Company
14 May 2026
Senior Associate

ABHISHEK SHANKAR AGARWAL & ASSOCIATES

Kolkata

CA

View Details