WebSection 54GA of Income Tax Act. Eemption of capital gains on assets transfer in cases of shifting industrial undertaking from urban to SEZ. Amended and updated notes on … WebCapital gain is chargeable to tax in the previous year in which the compensation (or part thereof) is first received. For availing the benefit of exemption under sections 54, 54B, 54D, 54EC and 54F, the new asset should be acquired within time-limit specified for this purpose. But the specified time-limit shall be determined from the date of ...

Taxmann’s Taxation of Capital Gains 2024 S. Krishnan

Web13 Mar 2024 · [Section 54GB]: Exemption of Long-Term Capital Gains Tax on Transfer of Residential Property if Invested in a New Manufacturing SME Company Next Post [Section … WebExemption (if any) available u/s 54B/54D/54G/54GA xxx Net Short Term Capital Gain on Sale of Property xxx: Tax as per the Income Tax Slab Rates shall be payable on the Short Term Capital Gain computed above. … green trends ambattur south park

Income Tax (India) - Rules, Regulations, Filing of Returns

On satisfying all the prescribed criteria’s, the claimant would be eligible for lower of the following amount as an exemption under section 54GA – 1. An amount invested into land or building or plant or machinery for shifting of industrial undertaking from an urban area to Special Economic Zone; or 2. An amount of … See more The following table briefly summarizes the conditions which the claimant needs to satisfy for claiming exemption under section 54GA of the Income Tax Act– See more Provisions of section 54GA restrict the claimant from transferring the newly acquired assets for a period of three years. Still, if the claimant transfers the newly … See more The provisions of section 54GA allow the claimant to re-invest the capital gain amount until the period of three years after the date of transfer. However, if the … See more Web[Section 54G] : Capital Gain on Shifting of Industrial Undertaking from Urban Areas to Non-Urban Areas The Provisions of Section 54G towards Exemption of Capital Gains on Shifting of Industrial Undertaking from Urban Areas to Non-Urban Areas are given below – How much is Exempt (Quantum of Deduction): Web13 Mar 2024 · Section 54 of income tax Earning of any profit is treated as income and taxed under various provisions of the income tax law in India. The same is true for sale … green trends beauty parlour near me