https://www.taxtmi.com/manuals?id=3499 Section 54GB grants exemption from capital gains tax on sale of a long term residential property if the net consideration is invested in equity shares of an eligible company and that company uses the investment to purchase new plant and machinery, making tax relief conditional on this two step reinvestment mechanism involving the assessee and the recipient company. en-us Fri, 08 Dec 2023 14:56:00 +0530 Fri, 08 Dec 2023 15:35:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/manuals?id=3499 Section 54GB grants exemption from capital gains tax on sale of a long term residential property if the net consideration is invested in equity shares of an eligible company and that company uses the investment to purchase new plant and machinery, making tax relief conditional on this two step reinvestment mechanism involving the assessee and the recipient company. Manuals Income Tax Fri, 08 Dec 2023 14:56:00 +0530 https://www.taxtmi.com/manuals?id=3499