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  2. Aug 19, 2024 · Exemption under Section 54. Under Section 54 the IncomeTax 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.

    • 40,00,000.00
    • Amt (Rs)
  3. 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.

  4. Sep 10, 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.

  5. 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 ...
  6. Nov 3, 2023 · Exemption under section 54 can be claimed in respect of capital gains arising on transfer of a capital asset, being long-term residential house property. In this case, the capital asset is gold, i.e., other than residential house and, hence, the benefit of section 54 is not available.

  7. May 11, 2024 · Learn how to claim tax exemption on capital gains from selling a residential property and reinvesting in another residential property under Section 54 of the Income Tax Act. Find out the eligibility criteria, conditions, limits, documents, and benefits of this provision.

  8. 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.

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