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Particulars
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Section 54
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Section 54F
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Eligible taxpayers
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Individual and HUF
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Individual and HUF
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Capital gains eligible for exemption
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Long-term
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Long-term
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Capital gains arising from transfer of
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Residential House property
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Any long term asset (other than a residential house property) provided on date of transfer taxpayer does not own more than one residential house property (except the new house)
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Assets to be acquired for exemption
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One residential house property
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One residential house property
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Time limit for acquiring the new assets
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Purchase: within 1 year before or 2 years after date of transfer
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Purchase: within 1 year before or within 2 years after date of transfer
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Construction: within 3 years after date of transfer
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Construction: within 3 years after date of transfer
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Exemption Amount
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Investment in new assets or capital gain, whichever is lower
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Investment in new assets X capital gain/net consideration
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Withdrawal of exemption
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If new asset is transferred within 3 years of its acquisition
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a) If new asset is transferred within 3 years of acquisition,
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b) if another residential house is purchased within 2 years of transfer of original asset;
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c) if another house is constructed within 3 years of transfer of original asset
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Deposit in Capital gains deposit scheme before due date under Sec. 139(1)
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Yes
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Yes
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Particulars
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Section 54B
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Section 54D
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Section 54EC
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Section 54EE
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Section 54G
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Section 54GA
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Eligible taxpayers
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Individual and HUF
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Any person
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Any person
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Any Person
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Any person
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Any person
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Capital gains eligible for exemption
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Short-term or Long-term
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Short-term or Long-term
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Long-term
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Long-term
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Short-term or Long-term
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Short-term or Long-term
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Capital gains arising from transfer of
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Agriculture land used by taxpayer or by his parents or HUF for agriculture purposes in last 2 years before its transfer
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Compulsory acquisition of land or building forming part of industrial undertaking (which was used for industrial purposes for at least 2 years before its acquisition).
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Any long-term capital asset
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Any long-term capital asset
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Land, building, plant or machinery, in order to shift industrial undertaking from urban area to rural area.
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Land, building, plant or machinery, in order to shift industrial undertaking from urban area to SEZ.
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Assets to be acquired for exemption
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Agricultural land (may be in urban area or rural area)
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Land or building for shifting or reestablishing said industrial undertaking
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Bond of NHAI or REC, etc.
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Units of such fund as may be notified by Central Government to finance start-ups
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Land, building, plant or machinery, in order to shift industrial undertaking to rural area.
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Land, building, plant or machinery, in order to shift industrial undertaking to SEZ.
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Time limit for acquiring the new assets
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Within 2 years after date of transfer
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Within 3 years from date of receipt of compensation
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Within 6 months from date of transfer
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Within 6 months after the date of transfer of original asset
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within 1 year before or 3 years after date of transfer
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Within 1 year before or within 3 years after date of transfer
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Exemption Amount
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Investment in agricultural land or capital gain, whichever is lower
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Investment in new assets or capital gain, whichever is lower
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Investment in new assets or capital gains, whichever is lower, however, subject to Rs. 50 lakhs.
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Investment in new assets or capital gains, whichever is lower, however, subject to Rs. 50 lakhs.
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Investment in new assets or capital gain, whichever is lower
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Investment in new assets or capital gain, whichever is lower
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Withdrawal of exemption
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If new asset is transferred within 3 years of its acquisition
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If new asset is transferred within 3 years of its acquisition
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If new asset is transferred or it is converted into money or a loan is taken on its security
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If new asset is transferred within a period of 3 years from the date of its acquisition.
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If new asset is transferred within 3 years of acquisition
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If new asset is transferred within 3 years of acquisition
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within 3 years of its acquisition
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Note:
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Where assessee takes loans or advance on security of such specified asset, he shall be deemed to have transferred such asset on the date on which such loan or advance is taken.
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Deposit in Capital gains deposit scheme before due date under Sec. 139(1)
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Yes
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Yes
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No
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No
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Yes
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Yes
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