Guide to .. Tax Management ,Tax Planning and Tax Saving

 

 

Which Asset the Taxpayer should acquire to get the benefit of Exemption under these Sections 54, 54B, 54D, 54EC, 54F, 54G, 54GA and 54H ?

Section-54 : 

Only 1 residential house in India (prior to the assessment year 2015-16 A residential house property)

Section-54B : 

Agricultural land (maybe in rural area or urban area)

Section-54D : 

Land or building for industrial purposes

Section-54EC : 

Bonds of National Highways Authority of India or Rural Electrification Corpn. (investment Cannot exceed Rs. 50 lakh in current year and next year)

Section-54F :

Only 1 residential house in India (prior to the assessment year 2015-16 ; A residential house property)

Section-54G :

Land, building plant or machinery in order to shift an undertaking to rural area

Section-54GA : 

Land, building, plant or machinery in order to shift an undertaking to any special economic zone

You may also like ...

 

TallyPrime Book @ Rs.600
Tally.ERP9 Book @ Rs.550

| About Us | Privacy Policy | Disclaimer | Sitemap |
© 2021 : IncomeTaxManagement.Com