Exemption from capital gains : Long-term capital assets for reinvestment specified Wind Energy System Care (India) Ltd. u/s 54EB - S.O. 470(E) - Income Tax Act, 1961
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Exemption from capital gains under section 54EB: specified bonds by issuer enable reinvestment relief for taxpayers. Exemption from capital gains is effected by specifying bonds issued by Wind Energy System Care (India) Ltd. as long term specified securities under section 54EB, permitting reinvestment of long term capital gains in those bonds. The bonds must be issued within one year of notification, adhere to the aggregate issue ceiling, and remain non transferable for seven years after allotment.
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.
Exemption from capital gains under section 54EB: specified bonds by issuer enable reinvestment relief for taxpayers.
Exemption from capital gains is effected by specifying bonds issued by Wind Energy System Care (India) Ltd. as long term specified securities under section 54EB, permitting reinvestment of long term capital gains in those bonds. The bonds must be issued within one year of notification, adhere to the aggregate issue ceiling, and remain non transferable for seven years after allotment.
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