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Short term capital gain

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Querist : Anonymous

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Querist : Anonymous (Querist)
07 April 2013 what are the exemptions available on short term capital gain on sale of an industrial property?

is investment of sale proceeds in a residential house property eligible for exemption? if yes, under which section?
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Guest

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07 April 2013 Exemptions are as follows :


1. investment in land or building for industrial purpose u/s 54D.

exemption is not allowed if investment made in residential house property.
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Dhirajlal Rambhia online

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Dhirajlal Rambhia online (Expert)
08 October 2021 Yes, u/s. 54GB ...
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