WebApr 11, 2024 · Under Section 54GB (5) of the Income Tax Act, 1961, long term capital gains on the sale of residential property will be exempt if the sale proceeds are invested in a eligible startup, provided ... WebFeb 3, 2024 · Amendment in Section 54GB of Income Tax Act w.e.f 1 st April 2024: (August 2024) The condition of minimum holding of 50% of share capital or voting rights in the start-up relaxed to 25%; Extension of period under which benefit under section 54GB from for sale of residential property can be availed up to 31st March, 2024
Extension of time limit for compliance to be made for claiming any …
WebAs per section 54GB, any capital gain arising to an Individual or HUF from the transfer of a long-term capital asset being a residential property (a house or plot of land) shall be … WebFeb 6, 2024 · Section 54GB– Exemption on sale of residential house property on investment in equity shares of an eligible company. Further, taxpayer can claim following capital gain exemptions to save capital gain tax on sale of immovable property: Section 54EC– Exemption on sale of land or building on investment in NHAI/REC bonds. earthquake in the morning
Section 54GB - Capital gain on transfer of residential property not …
WebSection 54GB of Income Tax Act amended by Finance Act 2024. Capital gain on transfer of residential property not charged in certain cases. Amended and updated notes on … WebApr 9, 2024 · Section 54GB – Investment of Sale Proceeds of Residential house property in eligible business The provisions of section 54GB can be availed by the Individual or HUF for seeking exemption... ctm home insurance