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 Exemptions u/s 54G: Capital Gains Relief for Industries Moving from Urban to Non-Urban Areas.</h1> Section 54G of the Income-tax Act, introduced by the Finance Act of 1987, provides tax exemptions on capital gains arising from the transfer of assets when an industrial undertaking shifts from an urban to a non-urban area. To qualify, the assessee must invest in new machinery, land, or buildings in the new location within specified timeframes. If the capital gain exceeds the cost of new assets, the surplus is taxable. If it is less, the gain is not taxed. Unused gains must be deposited in a specified account and used within three years, or they become taxable. Urban areas are defined by the Central Government.
TaxTMI 
TaxTMI 
