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Capital Gain On Transfer Of Residential Property Not To Be Charged In Certain Cases - Sec. 54GB

Income Tax - Capital Gains - Specific Exemptions - 08 - Section 54GB: CAPITAL GAIN ON TRANSFER OF RESIDENTIAL PROPERTY NOT TO BE CHARGED IN CERTAIN CASES AVAILABLE TO Individual, HUF WHICH CAPITAL GAINS COVERED LTCG arising from transfer of a residen .....

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ilized the net consideration for subscription in EQUITY shares of an eligible company (Preference share cannot be subscribed), and the company has within 1 year from the date of subscription in equity shares, utilised the amount for purchase of new a .....

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the following conditions: It should be incorporated in India during the period commencing from 1st April of the previous year in which the capital gains arises and ending on the due date of furnishing of return u/s 139(1) by the assessee. It is enga .....

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the assessee The company which qualifies to be a small or medium enterprise under the Micro, Small or medium Enterprise Act, 2006 or is an eligible start-up (Inserted by FA, 2016, w.e.f. 1-4-2017) AMOUNT OF CAPITAL GAIN EXEMPT If net consideration &g .....

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w asset' means new plant and machinery but does not include the following: Any plant or machinery which is used in India or outside India by any person before its installation by the eligible company Any plant or machinery which is installed in o .....

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a technology driven start-up so certified by the Inter-Ministerial Board of Certification notified by the Central Government in the Official Gazette, the new asset shall include computers or computer software (Inserted by FA, 2016, w.e.f. 1-4-2017) .....

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