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Exemption from long-term-capital gains tax for investment in SEM.

As per newly introduced section 54GB, long term capital gains tax exemption would be available to an individual or an HUF on same of a residential property (house or plot of land) in case of re-investment of the sale consideration in the equity of a new start-up SEM company in the manufacturing sector which is utilized by the company for the purchase of new plant and machinery.

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