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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 residential property (a house or a plot of land) owned by the assessee (House or plot of land may be in India or outside India) WHAT ASSESSEE HAS TO DO FOR CLAIMING DEDUCITON UDNER THIS SECTION? The assessee has before the due date of furnishing the return .....

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ness of manufacture of an article or thing It is a company in which assessee has more than 50% share capital or more than 50% voting rights after subscription in shares by the assessee The company qualifies to be a small or medium enterprise under the Micro, Small or medium Enterprise Act, 2006 WHAT ELIGIBLE COMPANY HAS TO DO? The company has to utilize the amount subscribed by the assessee by way of equity shares for purchase of new asset within 1 year from the date of subscription in equity sh .....

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