Exemption u/s 54 provision for NRI.

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47 Points Joined August 2019
Can, NRI claim exemption u/s 54 if capital gain arising from sale of shares??
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On 15 January 2022 at 14:00 Report
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CA
10436 Points Joined March 2019
Yes NRIs can claim exemption u/s 54. If you need any help or consultancy regaining similar issue then please check your inbox.
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On 15 January 2022 at 14:23
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Chief Accountant
3150 Points Joined July 2020
Section 54 the IncomeTax Act, an individual or HUF selling a residential property can avail tax exemptions from Capital Gains if the capital gains are invested in purchase or construction of residential property.
So, On Sale of share sec.54 exemption not available
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On 15 January 2022 at 14:41
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710 Points Joined May 2017
I agree with news of Ms. Nidhi.
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On 15 January 2022 at 19:29
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47 Points Joined August 2019
Can NRI claim exemption under capital gain if capital gain arise on sale of shares??
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On 16 January 2022 at 15:25
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16 Points Joined January 2022
Sir basically Sec 54 is for capital gain on sell of residential house it is not for gain on sales of shares for that you have sec 112A or 111A for short term capital gain
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On 19 January 2022 at 11:44


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