Capital asset exemption for relocation of industrial undertaking to non urban area shields gains on qualifying asset transfers. The exemption under Section 54G covers capital gains on transfer of qualifying assets-plant, machinery, land, building, or any right in land or ... Summary
Capital asset exemption for relocation of industrial undertaking to non urban area shields gains on qualifying asset transfers.
The exemption under Section 54G covers capital gains on transfer of qualifying assets-plant, machinery, land, building, or any right in land or building-used for an industrial undertaking situated in an urban area when such assets are transferred as part of shifting the undertaking to any area other than an urban area.
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