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Section 54B

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18 Points Posted on 03 March 2019

exemption is available under this section on both LTCG or STCG or not.

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On 03 March 2019 at 15:12 Report
Replies (7)
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ca.umesh11@gmail.com
1465 Points Posted on 03 March 2019

exemption only for LTCG, 

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On 03 March 2019 at 15:30
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Team Lead
7558 Points Posted on 03 March 2019
under IT Act no exemption allowed under any section for STCG.
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On 03 March 2019 at 17:34
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Student
7053 Points Posted on 03 March 2019
exemption is available on both long term capital Assets and short term capital assets.
the benefit is only available to individual for h u f
in case of sale of agricultural land long term as well as short term capital gain exemption under section 54 b is available
1 Reply
On 03 March 2019 at 21:32
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INCOME TAX OFFICER
1736 Points Posted on 03 March 2019
agree with Ms. priya since nothing is mentioned against the capital asset I. e. short term or long term
2 Reply
On 03 March 2019 at 22:15
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student
600 Points Posted on 03 March 2019
priya is right..
1 Reply
On 03 March 2019 at 22:43
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Article
1276 Points Posted on 04 March 2019
Sec 54B

To whom :- individual /HUF

when :- LT/ST agricultural land sold &
CG invested in purchase of agriculture land within 2 years from the date of transfer

Exemption :- investment or CG whichever is less

Lock in period :- 3years
1 Reply
On 04 March 2019 at 08:32
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CA FINAL ASPIRANT
3115 Points Posted on 07 March 2019
👍👍👍
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On 07 March 2019 at 14:33


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