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Deductions Under Capital Gain to Save Tax - Quick Recap in Tabular Form

Particulars

​​Section 54B

Section 54D

Section 54F

​​Section 54EC

​​Section 54EE

​​Section 54G

Eligible taxpayers

Individual and HUF

Individual and HUF

Any person

Individual and HUF

Any person

Any Person

Any person

Any person

Capital gains eligible for exemption

Long-term

Short-term or Long-term

Short-term or Long-term

Long-term

Long-term

Long-term

Short-term or Long-term

Short-term or Long-term

Capital gains arising from transfer of

Residential House Property

Agriculture land

Land or building forming part of industrial undertakingcompulsorily acquired

Any long term asset (Like Shares , Equity Oriented Mutual Fund other than a residential house property)

Land or Building or Both

Any capital asset

Land, building, plant or machinery, in order to shift industrial undertaking from urban area to rural area.

Land, building, plant or machinery, in order to shift industrial undertaking from urban area to SEZ.

Assets to be acquired for exemption

One residential house property

Or

Two residential house properties

Agricultural land (may be in urban area or rural area)

Land or building for shifting or reestablishing said industrial undertaking

One residential house property

Bond of NHAI or REC, etc.

Units of such fund as may be notified by Central Government to finance start-ups

Land, building, plant or machinery, in order to shift industrial undertaking to rural area.

Land, building, plant or machinery, in order to shift industrial undertaking to SEZ.

Time limit for acquiring the new assets

Purchase: within 1 year before or 2 years after date of transfer

Construction: within 3 years after date of transfer

Within 2 years after date of transfer

Within 3 years from date of receipt of compensation

Purchase: within 1 year before or within 2 years after date of transfer

Construction: within 3 years after date of transfer

Within 6 months from date of transfer

Within 6 months after the date of transfer of original asset

within 1 year before or 3 years after date of transfer

Within 1 year before or within 3 years after date of transfer

Exemption Amount

Investment in new assets or capital gain, whichever is lower

Note: if the cost of new asset exceeds Rs. 10 crore, the excess amount shall be ignored

Investment in agricultural land or capital gain, whichever is lower

Investment in new assets or capital gain, whichever is lower

Investment in new assets X capital gain/net consideration

Note: if the cost of new asset exceeds Rs. 10 crore, the excess amount shall be ignored

Investment in new assets or capital gains, whichever is lower, however, subject to Rs. 50 lakhs.

Investment in new assets or capital gains, whichever is lower, however, subject to Rs. 50 lakhs.

Investment in new assets or capital gain, whichever is lower

Investment in new assets or capital gain, whichever is lower

Withdrawal of exemption

If new asset is transferred within 3 years of its acquisition

If new asset is transferred within 3 years of its acquisition

If new asset is transferred within 3 years of its acquisition

a) If new asset is transferred within 3 years of acquisition,

b) if another residential house is purchased within 2 years of transfer of original asset;

c) if another house is constructed within 3 years of transfer of original asset

If new asset is transferred or it is converted into money or a loan is taken on its security within 5 years of its acquisition

If new asset is transferred within a period of 3 years from the date of its acquisition.

If new asset is transferred within 3 years of acquisition

If new asset is transferred within 3 years of acquisition

Deposit in Capital gains deposit scheme Before Return Filing Due Date

Yes

Yes

Yes

Yes

No

No

Yes

Yes


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