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.

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