Taxability of Real Estate transactions
Taxability of Real Estate transactions
Taxability of Real Estate transactions
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Section 54GA<br />
• Shifting from urban area to any SEZ<br />
• Capital gains arising from transfer <strong>of</strong> land &<br />
building, plant & machinery exempt from<br />
tax in case utilised for establishment <strong>of</strong><br />
undertaking in SEZ<br />
• The capital gains to be utilised within 1 yr<br />
before or 3 yrs after the date <strong>of</strong> transfer for:<br />
– Purchase <strong>of</strong> plant & machinery<br />
– Land & building<br />
– Other expenses as may be specified by the CG<br />
• SEZ may be in an urban area or any other<br />
area
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