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
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
@ 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.
Aggarwal Sarawagi and Co
New Delhi
CA
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