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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