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

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   6 days ago · Section 54 v/s Section 54F Earning income automatically casts a responsibility on the taxpayers to discharge income tax on such income and so is the case with capital gains too. However, the income tax laws allow taxpayers to claim certain exemptions against capital gains, which will help reduce their tax outgo.

2. 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 asset types and scenarios.

3. Videos

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

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     Capital Gain Exemption under Section 54, 54F, 54EC of the Income Tax Act | 2021-22

     16 Aug 2021

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     Capital Gains Tax on Property - Section 54, 54EC, 54F of Income Tax Act

     16 Aug 2019

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

   taxguru.in › income-tax › all-about-section-54-54b

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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

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

   tax2win.in › guide › section-54-of-income-tax-act

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   Aug 9, 2024 · Learn how to claim tax exemption on long-term capital gains from selling a residential property and buying another one under Section 54 of the Income Tax Act. Find out the eligibility criteria, conditions, and latest amendments for this section.

6. People also ask

   What is the section 54 exemption?

   • The Section 54 Exemption under the Income Tax Act, 1961, offers a valuable opportunity for individuals to save on capital gains when transferring residential property.

   Section 54 Exemption for Capital Gains on Residential ... - Tax Guru

   taxguru.in/income-tax/section-54-exemption-capital-gains-residential-property-transfer.html

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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 the exemption under Section 54 of Income Tax Act 1961?

   • The exemption under section 54 of the Income Tax Act, 1961 will be lower of: The amount invested in the purchase or construction of residential house property. Any balance amount of capital gain shall be taxed accordingly. For example- Mr X sells his residential flat and a long term capital gain Rs 60,00,000/- has arose

   Capital Gain Exemption Under Section 54 of Income Tax Act, 1961

   www.caclubindia.com/articles/capital-gain-exemption-section-54-income-tax-act-1961-44025.asp

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   How does section 54 provide relief from capital gains tax?

   • In order to provide relief from capital gain tax, the Income Tax Act provides various deductions and exemptions. One such exemption is Section 54. Under Section 54 of the Income Tax Act, if the seller of a residential property acquires or constructs another residential property from that amount, he or she gets benefits from capital gains tax.

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

   tax2win.in/guide/section-54-of-income-tax-act

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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.caclubindia.com › articles › capital-gainCapital Gain Exemption Under Section 54 of Income Tax Act, 1961

   www.caclubindia.com › articles › capital-gain

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   May 9, 2024 · Learn how to claim tax exemption on long term capital gain from sale of residential house property by investing in another residential house property in India. Find out the conditions, limits, and consequences of section 54 of the Income Tax Act, 1961 and the impact of Finance Act 2023.

9. grihashakti.com › knowledge-centre › section-54-ofSection 54 Income Tax Act - Complete Guide | SMFG Grihashakti

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   Feb 2, 2024 · Learn how to claim tax exemption on capital gain from selling a residential property in India if you buy or build another residential property within two years. Find out the eligibility, conditions, and latest changes under Section 54 of the Income Tax Act.