EXEMPTION OF U/S 54 EC AVAILABLE OR NO TO PVT. LTD. CO.

This query is : Resolved 

19 June 2007 MY QUERY IS IS IT POSSIBLE THAT PVT. LTD. SALE SHARES ANG EARN LTCG , IT CAN BE ADJUSTED BY INVESTMENT IN U/S 54 EC , PLS CLEAR ?

21 June 2007 this exemption is available to all assessees and on the sale of any long term assets including shares.
so it is very much possible for a pvt ltd to claim exemption



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