Dear Experts,
Whether the capital gain exemptions contained u/s 54, 54B, 54EC, 54F etc. are available to a private limited company?
Pawan Mittal (CA Final) (702 Points)
18 April 2013Dear Experts,
Whether the capital gain exemptions contained u/s 54, 54B, 54EC, 54F etc. are available to a private limited company?
Prashanth S K
(Practice)
(148 Points)
Replied 18 April 2013
54 - Individual and HUF
54B - Till Finance Act, 2012 it was applicable to individual or HUF. But Finance Act, 2012 has made an amendment as "the assessee or his parent".Hence companies gets covered i presume.
54D - All assessees
54EC - All assessees
54F - Individual and HUF
54G & GA - All assessees
54GB - Individual and HUF
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