Exemption from capital gains tax

885 views 1 replies

The union budget 2012 provide for "Exemption from Capital Gains tax on sale of residential property, if sale consideration

 

is used for subscripttion in equity of a manufacturing SME for purchase of new plant and
machinery"
 
Please let us know if the same would be applicable in investment by individual investor into a private limited company (SME).
 
Sriram
Replies (1)

Yes.......any person defined in Income Tax Act, can claim exepmtion under this provision , provided that investment in manufacturing SME is used in purchase of new plant and machinery.

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
24 June 2026
Chartered Accountant

CA Darshita Shah & Co

Nadiad

CA

View Details
Company
12 June 2026
Accounts & Taxation Executive

Winshine Financial Services

Mumbai

CA Inter

View Details
Company
Featured 24 June 2026
HEAD - AUDIT AND TAXATION

A R JADHAV AND ASSOCIATES

Mumbai

CA Inter

View Details
Company
ARTICLESHIP 28 June 2026
Article Assistant

Sharma Chetan And Company

Gurgaon

CA Inter

View Details
Company
22 June 2026
Finance Manager- Chartered Accountant

Triveni Turbine Limited

Bengaluru

CA

View Details
Company
24 June 2026
Chartered Accountant - GST & Direct Tax

APL

Mumbai

CA

View Details
Company
ARTICLESHIP 18 June 2026
Article Assistance

RB KESHRI & CO.

Mumbai

CA Inter

View Details
Company
ARTICLESHIP 27 June 2026
CA Articled Trainee And Paid Assistant

SKAA & Associates

New Delhi

CA Inter

View Details