Exemption u/s 54G
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
12 May 2010
A company is proposing to shift its industrial undertaking from urban area to non urban area. For this purpose it is transfering its capital assets. Is Exemption u/s 54G available if the date of transfer of capital assets are different in the same financial year?
Further if the date of transfer of capital assets fall within different financial year then is the exemption available?
Further if the date of transfer of capital assets fall within different financial year then is the exemption available?
12 May 2010
yes, it should be available..
Querist : Anonymous
Querist :
Anonymous
(Querist)
12 May 2010
Is there any case law to support it...
Because the section does not mention anything.
Because the section does not mention anything.
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