A private limited company has sold an industrial land held in its name (purchased as an investment). It was bought on 1.10.2019. Will it get the benefit of indexation as the land was held for more than 2 years?
the company wants to invest the proceeds in another industrial land or shed will it exemption in capital gains? which other investment can make it get exemption in capital gains?
The company can claim indexation benefit but cannot claim exemption under section 54.
Check if you can apply benefit of section 54G of the Income Tax Act
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