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Capital Gain on Compulsory Acquisition

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Querist : Anonymous

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Querist : Anonymous (Querist)
13 December 2010 If the property of an industrial undertaking is acquied by the Government,how can the Capital Gain arising from such a transfer beexempted? Whar are the applicable conditions in this regard?
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CA Shailesh Kumar Bhagat

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CA Shailesh Kumar Bhagat (Expert)
13 December 2010 Exemtion is avialble u/s 54D on invetment in the new assets.

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