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Home List Manuals Income TaxIncome Tax - Frequently Asked Questions (FAQs)FAQs on Exemption available from Capital gains This

Income Tax - Frequently Asked Questions (FAQs)

FAQs on Exemption available from Capital gains

Are there any specific requirements under section 54G for how the capital gain must be invested in the new asset?

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Ans.  The amount of exemption will be the lower of the following:

(a) Amount of capital gains, whether long-term or short-term; or

(b) Aggregate of amount invested in new assets, expenses on transfer or establishment and amount deposited in capital gain account scheme.

 

 

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