Please Help: Sec 54D
Posted Date : 02-Jun-2012 , 09:24:18 pm | Posted By: Arihant
Category :
Income Tax | Answers :
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Under section 54D, exemption is allowed to all the assesses provided the assesse has capital gains in connection with compulsory acquisition of land or building of industrial undertaking provided such land & building was being used by the assesse for a period of ATLEAST 2 YEARS for the purpose of industrial undertaking.
what will happen if govt. acquired such undertaking before 2 years?
shall exemption will be provided if the assesse purchase/constructed the same within 3 years? |
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Answers:
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 Answer by: CA Satuti Mahajan |
| Then section 54D is not applicable.
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| Answer by: CA. SURESH Kr. AGARWAL |
| No
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| Answer by: Rishabh Upadhyay |
| Exemption will not be allowable in this case.
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| Answer by: Siddharth Bumb |
| exemption will not available
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| Answer by: Rambabu Senkarasetti |
| No exemption u/s54D
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