Capital gains exemption for residential property investment in eligible company shares depends on new asset use, lock-in conditions, and deposit compliance. Exemption from capital gains is available to an individual or Hindu undivided family on transfer of a residential house or plot of land where the net consideration is invested in equity shares of an eligible company within the prescribed time. The company must satisfy incorporation, business, shareholding, and SME or eligible start-up conditions, and must use the subscribed amount within one year to acquire a new asset. Unutilised consideration must be deposited under the notified scheme, and the exemption is proportionate or full depending on the amount invested.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Capital gains exemption for residential property investment in eligible company shares depends on new asset use, lock-in conditions, and deposit compliance.
Exemption from capital gains is available to an individual or Hindu undivided family on transfer of a residential house or plot of land where the net consideration is invested in equity shares of an eligible company within the prescribed time. The company must satisfy incorporation, business, shareholding, and SME or eligible start-up conditions, and must use the subscribed amount within one year to acquire a new asset. Unutilised consideration must be deposited under the notified scheme, and the exemption is proportionate or full depending on the amount invested.
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