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Capital gain on transfer of shares

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(Querist)
15 September 2009 Can I invest in Agricultural land and get benifit u/s.54 on long term capital gain on transfer of shares.
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Ratan Sharma

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Ratan Sharma (Expert)
15 September 2009 LTCG on transfer of share is already tax free therefore no deduction is allowable u/s. 54. Otherwise also you can not claim the deduction u/s. 54 by investing the LTCG on shares in the purchase of agri land.
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Sonal

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Sonal (Querist)
16 September 2009 If shares are listed on Nasdaq and not in India then also is it tax free.
And if not can I take benifit by investing in Agri. land?
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