Capital gains exemption for industrial relocation requires reinvestment in new plant or machinery in the non-urban area. Section 54G grants an exemption from capital gains tax when an industrial undertaking is shifted from an urban area to a non-urban area, provided the ... Summary
Capital gains exemption for industrial relocation requires reinvestment in new plant or machinery in the non-urban area.
Section 54G grants an exemption from capital gains tax when an industrial undertaking is shifted from an urban area to a non-urban area, provided the capital gains amount is reinvested in new plant or machinery in the area where the undertaking is relocated.
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