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   What is Section 54 of the Income Tax Act?

   • Section 54 of the Income Tax Act: Unlocking Capital Gains Exemption Benefits. Learn how you can save on taxes by leveraging the provisions of Section 54.

   Section 54 of the Income Tax Act: Capital Gains Exemption - Tax2win

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   What is the difference between Section 54 and section 54F?

   • Section 54 is applicable to long-term capital gains on the sale of a residential property, but Section 54F applies to long-term capital gains on the sale of any asset other than the residential property. In Section 54, there is an option to avail of this exemption on two properties at a time. There is no such exemption in Section 54F.

   Section 54 of Income Tax Act: Meaning, Eligibility & Exemption 2024

   grihashakti.com/knowledge-centre/section-54-of-income-tax-act.aspx

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   What is exemption under Section 54?

   • Exemption under section 54 is only allowed on the sale of a residential property, which is a long-term capital asset for the assessee. Q - When does the taxpayer benefit under section 54?

   Section 54 of the Income Tax Act: Capital Gains Exemption - Tax2win

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   What are the provisions of Section 54?

   • Here are the key provisions of Section 54 that you should keep in mind: As per Section 54, the exemption is only available on the capital gains made from the sale of a residential house property. The property should be classified as a long-term capital asset, i.e., it should have been held by the seller for more than 24 months.

   Understanding Section 54: A Guide to Capital Gains Tax Exemptions on

   www.ahujaandahuja.in/understanding-section-54-a-guide-to-capital-gains-tax-exemptions-on-residential-property-sales/

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2. cleartax.in › s › section-54-capital-gains-exemptionSection 54 of Income Tax Act - Capital Gains Exemption on ...

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   Jun 26, 2018 · Under Section 54 of the Income Tax Act, an individual or HUF selling a residential property can avail tax exemptions from Capital Gains if the capital gains are invested in purchase or construction of residential property.

3. taxguru.in › income-tax › exemption-capital-gainExemption under capital Gain: Section 54, 54B, 54D, 54EC, 54F ...

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   Apr 3, 2024 · Learn how to avail exemptions on capital gains under sections 54, 54B, 54D, 54EC, 54F, 54G and 54GA of the Income Tax Act. Compare the eligibility criteria, time limits, exemption amounts, lock-in periods and deposit schemes for different types of assets and scenarios.

4. Videos

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     Changes in Capital Gain Exemption Limit | Section 54, 54EC, 54F of Income Tax Act | Yogesh Katariya

     2 Feb 2023

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     Capital Gain Section 54 Exemption for CA/CS/Bcom/CMA

     29 Oct 2021

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     16:31

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     Capital Gain Tax On Residential Property | Section 54 Exemption | Explained By CA Sachin

     13 Sep 2022

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5. taxguru.in › income-tax › all-about-section-54-54bAll about Section 54, 54B, 54D, 54F, 54GA, 54EC, 54G & 54GB

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   Aug 7, 2018 · Learn about the exemptions and conditions for capital gains under Section 54 and its variants for different types of assets and situations. Compare the eligibility, amount, period and consequences of exemption for each section.

   S. No.	Basis	Section 54ec	Section 54f
   1.)	Allowability	Exemption is Allowed provided the ...	Exemption is Allowed provided the ...
   2.)	Allowed To	All Assessees	Individual/ HUF
   3.)	Conditions to be Satisfied	a.) The Assessee Should have Invested the ...	a.) The Assessee Should have purchased ...
   3.)	Conditions to be Satisfied	b.) The Assesee is not allowed to Convert ...	b.) The Assesee Should either Purchase or ...

   See full list on taxguru.in

6. tax2win.in › guide › section-54-of-income-tax-actSection 54 of the Income Tax Act: Capital Gains Exemption ...

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   3 days ago · Learn how to claim tax exemption on capital gains from selling a residential property and buying or constructing another residential property in India. Find out the eligibility, conditions, amount, and impact of Section 54 of the Income Tax Act, 1961.

7. taxguru.in › income-tax › section-54-exemptionSection 54 Exemption for Capital Gains on Residential ...

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   Nov 3, 2023 · Learn how to save tax on capital gains when selling and buying a residential house in India. Find out the basic conditions, amount of exemption, computation method, and consequences of section 54 under the Income Tax Act, 1961.

8. www.ahujaandahuja.in › understanding-section-54-aUnderstanding Section 54: A Guide to Capital Gains Tax ...

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   Jul 20, 2023 · Learn how to claim tax exemption on long-term capital gains from selling a residential property and reinvesting in another one. Find out the key provisions, conditions, and examples of Section 54 of the Income Tax Act.

9. grihashakti.com › knowledge-centre › section-54-ofSection 54 of Income Tax Act: Meaning, Eligibility ...

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   Feb 2, 2024 · Section 54 of the Income Tax Act is a special exemption offered on capital gain tax. Under this exemption, individuals and HUFs (Hindu undivided families) can claim exemptions from capital gains while selling their property if they wish to purchase or construct another residential property using the selling amount.