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Capital Gain Arising On Transfer Of Assets In Cases Of Shifting Of Industrial Undertaking From The Urban Area - Sec. 54G

Income Tax - Capital Gains - Specific Exemptions - 06 - SECTION 54G: CAPITAL GAIN ARISING ON TRANSFER OF ASSETS IN CASES OF SHIFTING OF INDUSTRIAL UNDERTAKING FROM THE URBAN AREA SCOPE Transfer of asset being plant, machinery, land & building by .....

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> amount invested = difference is taxable In other words capital gain shall be exempt to the extent it is spent for the specified purpose CONDITIONS The transfer is effected in the course of shifting the undertaking from an urban area to any other .....

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to such area Incurred expenses on such other purposes as may be specified in scheme framed by Central Govt. New undertaking should not be in urban area The new asset should not be transferred within a period of 3 years from the date of its acquisitio .....

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