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Exemption u/s 54 provision for NRI.

Komal Kumari (43 Points)

15 January 2022

Can, NRI claim exemption u/s 54 if capital gain arising from sale of shares??

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5 Replies

CA Aakarsh Jain (CA) (10216 Points)
Replied 15 January 2022

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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Nidhi (Chief Accountant) (3150 Points)
Replied 15 January 2022

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

SUSHANT BIDAYE (578 Points)
Replied 15 January 2022

I agree with news of Ms. Nidhi.

Komal Kumari (43 Points)
Replied 16 January 2022

Can NRI claim exemption under capital gain if capital gain arise on sale of shares??

Taha Kanch wala (TK blogs) (16 Points)
Replied 19 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