Exemption under section 54G: available when capital gains are reinvested in prescribed assets per government scheme. Exemption is available only where capital gain is used to purchase new plant or machinery, to purchase or construct a building, to shift the original ... Summary
Exemption under section 54G: available when capital gains are reinvested in prescribed assets per government scheme.
Exemption is available only where capital gain is used to purchase new plant or machinery, to purchase or construct a building, to shift the original asset and its establishment, or to incur other authorised expenses under a Central Government scheme; the text does not specify any numeric maximum for the exemptible amount.
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