Exemption from capital gains tax

Sriram (Director) (24 Points)

20 March 2012  

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