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Capital Gain On Compulsory Acquisition Of Land And Building Forming Part Of Industrial Undertaking - Sec. 54D

Income Tax - Capital Gains - Specific Exemptions - 03 - Section 54D: CAPITAL GAIN ON COMPULSORY ACQUISITION OF LAND AND BUILDING FORMING PART OF INDUSTRIAL UNDERTAKING NATURE Compulsory acquisition under any law, of land and building forming part of .....

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ll amount If capital gain > amount invested = difference is taxable' In other words, capital gains shall be exempt to the extent it is invested in the purchase/construction of new land/building for the industrial undertaking. CONDITIONS Land o .....

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poses i.e. shifting or reestablishing of the said undertaking or setting up of another industrial undertaking. Should not be transferred for 3 years from the date of acquisition. IF AMOUNT NOT UTILIZED TILL FILING OF RETURN U/S 139(1) The assessee sh .....

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