IT act sec 54GB exemption query

172 views 1 replies


hi


I have a query.


I sold my personal residential property before 31st March 2021 and invested the said proceeds in a LLP as partner capital contribution. I as Partner in LLP have 50% shareholding. LLP is startup recognized and is incorporated in year 2017.


please let me know will I get tax exemption under section 54GB in my personal ITR filing? if yes, can you handle my ITR filing for 2020-21?


if yes, what's your fee? what documents are required to furnish ?

Replies (1)

Summary: You are unlikely to qualify for the Section 54GB exemption because it requires investment in the equity shares of an eligible company, whereas an LLP structure and partner capital contributions do not meet these specific statutory requirements.

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
29 June 2026
Accountant (Finance & Compliance)

TRIEYEZ

Kolkata

CA

View Details
Company
ARTICLESHIP 30 June 2026
Article Assistant or Paid Assistant

VIKAS VERMA & CO

New Delhi

Others

View Details
Company
24 June 2026
Chartered Accountant

CA Darshita Shah & Co

Nadiad

CA

View Details
Company
ARTICLESHIP 27 June 2026
CA Articled Trainee And Paid Assistant

SKAA & Associates

New Delhi

CA Inter

View Details
Company
20 June 2026
Chartered Accountant

ANV & Company

New Delhi

CA

View Details
Company
19 June 2026
Accounts Executive

Getfive Advisors Pvt. Ltd.

Ahmedabad

CA Inter

View Details
Company
ARTICLESHIP 30 June 2026
2 posts Article assistant and Articleship completed students

Chirag N Shah & Associates

Mumbai

CA Inter

View Details
Company
ARTICLESHIP 18 June 2026
Article Assistance

RB KESHRI & CO.

Mumbai

CA Inter

View Details