Long term capital gain on sale of property by pvt. ltd. co
This query is : Resolved
02 January 2015
a private limited company has sold one of its property.
Long term capital gains is taxable at 20 % or 30 % to the private limited company ?
is any exemption available to private limited company by making any investments ?
please help
thanks
Long term capital gains is taxable at 20 % or 30 % to the private limited company ?
is any exemption available to private limited company by making any investments ?
please help
thanks
02 January 2015
20% for LTCG in case of property sold is a long term asset. exemption u/s 54EC is only eleigible upto Rs. 50 lakhs for investment in bonds.
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