TaxTMI Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Acts & Rules
of of All Acts & Rules
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>Tax Break for Industrial Asset Transfer to Special Economic Zones Under Section 54GA Offers Strategic Reinvestment Incentives</h1> Section 54GA provides tax exemption for capital gains when an industrial undertaking transfers assets from an urban area to a Special Economic Zone (SEZ). The provision allows tax relief if the assessee purchases machinery, acquires or constructs buildings in the SEZ within one year before or three years after the asset transfer. If the capital gain exceeds the cost of new assets, the difference is taxable. If the capital gain is equal to or less than the new asset cost, no tax is levied. Unutilized capital gains must be deposited in a specified account according to government scheme guidelines, with potential taxation if not used within the specified timeframe.
TaxTMI 
