IT act sec 54GB exemption query


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
21 October 2026
CA INTER/ BCOM WITH EXPERIENCE

CA S KUMAR GUPTA & CO

Amritsar

CA Inter

View Details
Company
19 October 2026
Accountant

Jari Saree Center

New Delhi

Others

View Details
Company
24 October 2026
CA Industrial Trainee

Fytomax Nutrition Private Limited

Aurangabad

CA Inter

View Details
Company
Featured 07 November 2026
Paid Assisstant

DPV & Associates

Chennai

CA Inter

View Details
Company
13 November 2026
Accountant

New Mobile India

Muzaffarpur

B.Com

View Details
Company
23 October 2026
Sr. Accountant

SANKARAN & KRISHNAN

New Delhi

B.Com

View Details
Company
31 October 2026
Accountants

sankaran and krishnan

New Delhi

B.Com

View Details
Company
ARTICLESHIP 29 October 2026
Article Assistant (CA Inter / CMA Inter) - Thrissur

Varma Raja & Associates

Thrissur

CA Inter

View Details