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.
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.
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.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.