What type of new asset must be acquired or constructed to claim the Section 54GA exemption? https://www.taxtmi.com/manuals?id=3496 Exemption under Section 54GA applies where a capital asset is transferred as part of relocating an industrial undertaking to a Special Economic Zone; it covers plant and machinery, land, buildings, or rights in land or buildings used for an industrial undertaking situated in an urban area. en-us Fri, 08 Dec 2023 14:54:00 +0530 Fri, 08 Dec 2023 14:54:00 +0530 TaxTMI RSS Generator What type of new asset must be acquired or constructed to claim the Section 54GA exemption? https://www.taxtmi.com/manuals?id=3496 Exemption under Section 54GA applies where a capital asset is transferred as part of relocating an industrial undertaking to a Special Economic Zone; it covers plant and machinery, land, buildings, or rights in land or buildings used for an industrial undertaking situated in an urban area. Manuals Income Tax Fri, 08 Dec 2023 14:54:00 +0530 https://www.taxtmi.com/manuals?id=3496