2020年3月12日 · In order to claim the exemption under section 54D of the Income Tax Act, the assessee is required to satisfy the following listed conditions – 1. Exemption under section 54D is available to any category of person on compulsory acquisition of land or buildings (which is forming part of industrial undertaking).

5 天之前 · Section 54D of the Income-tax Act, 1961 Introduction. Section 54D of the Income-tax Act, 1961, provides a tax exemption for capital gains arising from the compulsory acquisition of lands and buildings used for industrial purposes. This statutory provision is designed to facilitate the reinvestment of compensation into similar assets, thereby ...

2024年4月3日 · Sections 54, 54B, 54D, 54EC, 54F, 54G, and 54GA offer various benefits to individuals and entities. This article delves into the specifics of each section, including eligible assets, time limits for acquisition, exemption amounts, lock-in …

2024年11月14日 · Section 54D of the Income Tax Act offers tax relief to taxpayers who receive capital gains from the compulsory acquisition of land or buildings used for business or industrial purposes. This section allows taxpayers to defer or avoid capital gains tax by reinvesting the compensation into new assets.

Amendment made by the Finance Act, 2019 [W.e.f. A.Y. 2020-21] The exemption can be claimed for purchase/construction of two residential houses instead of one. This benefit is available only when the capital gain does not exceed 2 crore.

Section 54D of the Income Tax Act provides an exemption from capital gains tax on the compulsory acquisition of land and buildings forming part of an industrial undertaking. The exemption is subject to certain conditions, including the use of the compensation for acquiring a new industrial undertaking.

2025年3月17日 · Learn about Section 54D of the Income Tax Act 1961. Understand the provisions regarding eligibility and availing exemption for capital gains of compulsory acquisition of land and building of an industrial undertaking.

2024年8月23日 · Capital gains tax exemptions under the Income Tax Act provide relief for taxpayers who invest their gains in specified assets. Section 54 offers exemption for gains from selling residential property if the proceeds are used to buy or construct a …

1 [Capital gain on compulsory acquisition of lands and buildings not to be charged in certain cases. 54D. 2 [ (1) ] 3 [ Subject to the provisions of sub-section (2), where the capital gain arises ] from the transfer by way of compulsory acquisition under any law of a capital asset, being land or building or any right in land or building ...

Section 54D of the Income Tax Act 1961 in India provides an exemption on capital gains tax on the compulsory acquisition of lands and buildings in certain cases. This article explains the conditions and limitations of Section 54D, including the eligibility criteria and the extent of exemption available to taxpayers.