Capital Gain Tax

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amit (Querist)
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15 June 2009 myself belong from baroda,and i'm c.a.final student. can i get the information regarding the total saving of capital gain tax by the company having capital gain of 52 crores.
pls reply as early as possible.

Bindu Madhav

Bindu Madhav (Expert)
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15 June 2009 Tax Savings for Capital Gains of Companies available under the following heads:

a) 54D - only in case of COMPULSORY Acquisition (as per Conditions)

b) 54EC - investment in certain bonds - Maximum Rs. 50Lakhs(from 1.4.07)

c) 54G -Shifting of Industrial Undertaking from Urban Area (as per Conditions)

Based on the above, company can claim exemption from capital gain