|Applicabllity||Individual / HUF|
|Asset Transferred||(a) Land and Building, Plant and Machinery or any right in Land or Building used by Industrial undertaking.|
(b) Transfer as a result of shifting of such undertaking from Urban Area to Special Economic Zone (which may be situated in Urban or Any other area).
|Nature of the Asset||Any Capital Asset|
|New Asset to be acquired||(a) Plant, Machinery for use in the Undertaking in the SEZ.|
(b) Acquired Land and Acquired/Constructed Building for purpose of business in SEZ
(c) Shifted the undertaking to the SEZ.
(d) Expenses incurred for such purposes as specified by under the Scheme by the Central Government is also eligible for claiming exemption.
|Amount to be invested in New Asset||Capital Gain on Transfer|
|Amount of Exemption Lease of :||(a) Amount invested in any Land and Building or any Plant and Machinery and Expenses incurred in relation to transfer, or (b) Capital Gain|
|Time Limit for Investment||Within One Year prior to the date of transfer or within three years after the date of transfer|
|Unutllized Amount||Amount not utilized before the due date of filing return shall be kept in Capital Gain Account Scheme of a Nationalized Bank.|
• The amount should be utilized within the prescribed period.
• Amount not utilized within the prescribed period shall be treated as LTCG of the previous year in which the prescribed period expires
|Holding Period of New Asset||Three Years from the date of acquisition|
|Sale of New Asset within holding period||Short Term Capital Gain computed as follows:|
period Sale Consideration of New Asset
Less: Cost of Acquisition
Less: Capital Gains exempted u/s 54GA