Section 54ga of income tax
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 … http://taxpage.in/section-54ga-exemptions-from-capital-gains.html
Section 54ga of income tax
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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 ... 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):
Web12 Mar 2024 · In order to claim the exemption under section 54D of the Income Tax Act, the assessee is required to satisfy the following listed conditions – 1. Exemption under … 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. …
WebDr Vinod K. Singhania got his PhD from the Delhi School of Economics in 1976. His field of interest includes all facets of corporate legislation and corporate economics, especially tax laws. Associated in different capacities with several professional institutes and business houses in India and abroad, Dr Singhania has authored many popular books and software … 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
Web10 Jul 2024 · Following are the conditions that are required to be satisfied in order to claim an exemption under Section 54GA: All the categories of persons are eligible to claim an …
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 proceeds earned from the sale of a property. does the rabies virus mutateWeb2 Feb 2024 · Section 54GA of Income-tax Act provides exemption of capital gains on transfer of assets of industrial undertaking from urban area to special economic zone. 2. … factories in johnson city tnWeb28 Feb 2024 · 54EA. (1) Where the capital gain arises from the transfer of a long-term capital asset before the 1st day of April, 2000 (the capital asset so transferred being hereafter in this section referred to as the original asset) and the assessee has, at any time within a period of six months after the date of such transfer, invested the whole or any part of the … factories in lebanon ky