Capital gain exemption for companies

Jyothis (Article) (1127 Points)

18 April 2016

Is there any exemption scheme available for a Software P.Ltd co. having following transaction :

1.Land Sold in March,2016 For Rs.40 lacs which was purchased in 2008 for Rs.25 lacs.

2. Capital gain from investment in Hedge Securities

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4 Replies

Karthik.V.Kulkarni (Chartered Accountant) (594 Points)
Replied 18 April 2016

The only exemption would be investment as per sec 54EC which i suppose would not be financially viable for a company.

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(Guest)

r u sure there will be capital gain after indexation?

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Jyothis (Article) (1127 Points)
Replied 19 April 2016

@ Madhavi Pandit,

Sorry Cost of land was wrong,it was purchased for Rs.15 lacs in 2008.

So LTCG will come to Rs.12.13 lacs.

& there is some STCG in investment in shares.

Please comment if there is any tax saving scheme for a P.lTd Co.

(Guest)

I agree with Karthik on that. U can avail of 54EC investment in bonds of NHAI OR RECL

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