u/s 54GB "new assets" does not include "vehicle"
eligable co.
purchase car for rs. 5 lakh
so, is car is allowed as new asstes or not ?
and consider for exemption?
Menu
Ca final capital gain
Replies (2)
Section specifically excludes "any vehicle". Thus car shouldn't be considered for exemption.
Eligible company has to buy plant and machinery..
and car doesn't constitute the same
and car doesn't constitute the same
Recent Threads
- Regarding cancellation of GST Number
- GST on business receipts pre -registration
- A Restaurant registered under the Composition Sche
- GST RATE OF OUT DOOR CATERING
- Non resident taxation & income tax in India
- GST Rate for oral Hygiene Combo Pack
- GST registration - Address error
- TDS on property pu
- Import of goods IMS action related
- Incometax Survey - Updated Return Filing after the
Related Threads
CAclubindia
