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Exemption u/s 54 provision for NRI.
Can, NRI claim exemption u/s 54 if capital gain arising from sale of shares??
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Quick Summary
Yes NRIs can claim exemption u/s 54. If you need any help or consultancy regaining similar issue then please check your inbox.
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
So, On Sale of share sec.54 exemption not available
I agree with news of Ms. Nidhi.
Can NRI claim exemption under capital gain if capital gain arise on sale of shares??
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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