Section 54GA exemption: reinvest capital gains into specified assets under prescribed scheme to claim tax relief. The exemption requires that the capital gain from transfer of the original asset be used to purchase new plant or machinery, purchase or construct a ... Summary
Section 54GA exemption: reinvest capital gains into specified assets under prescribed scheme to claim tax relief.
The exemption requires that the capital gain from transfer of the original asset be used to purchase new plant or machinery, purchase or construct a building, shift the original asset and its establishment, or incur other expenses as specified in a scheme framed by the Central Government; no investment timeframe is stated in the supplied text.
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