This is the Summary of Different Sections for Easier Understanding and Rememberance

SUMMARY

Exemption
Section Sale of Purchase of
to

New Residential
Residential House House(Only 1
Individual or (Long Term Capital Residential House now
54
HUF Only Asset 3 years or allowed and that too in
more) India due to
amendment)

New Residential
House(Only 1
Individual or Any LTCA except Residential House now
54F
HUF Only Residential house allowed and that too in
India due to
amendment)

Agricultural Land
used for 2 years
for agriculture by
assessee/parent. Purchase of New
Individual or
54B In case of HUF, by agricultural Land (Urban
HUF Only
member of HUF or Rural)
(Both Long Term
and Short Term
Covered)
 Covered)

Any
Land,Building
industrial
used for 2 years
Undertaking(
54D for business of New Land or Building
Any factory)
industrial
Compulsory
undertaking
Acquired

Any
industrial Building or Plant
Undertaking( Machinery land
Any factory) used for 2 years New Land or
54G
shifting from for business of Building,plant or machine
Urban Area industrial
to Non undertaking
Urban Ares

Any
industrial
Building or Plant
Undertaking(
Machinery land
Any factory)
used for 2 years New Land or
54GA shifting from
for business of Building,plant or machine
Urban Area
industrial
to Special
undertaking
Economic
Zone(SEZ)

Specified Bonds of NHAI

Any or RECL(These bonds
54EC Any LTCA
assessee have maturity of 3 years
or more)
 Specified Bonds of NHAI
Any or RECL(These bonds
54EC Any LTCA
assessee have maturity of 3 years
or more)

Purchase of Shares of
Eligible Company (Eligible
Co. means New Indian
Private limited or limited
Residential House
company esablished in
Individual or or Plot (Long Term
54GB year of claiming
HUF Only Capital Asset 3
exemption
years or more)
Individual or HUF should
holds 50% or more
shares/voting power
 Consequences if
Time Period of Quantum of CGAS
new assessee sold
Purchase Deduction Scheme
within 3 years

If Purchased STCA on Sale of New

One years Asset (While
Amt Invested or
before or 2 Calculating Cost,
LTCG which ever is Yes
years After Or Capital Gain exempt
less
If Constructed, earlier will be
Within 3 years reduced from COA

Capital Gains* Amt

If Purchased
Invested/net
One years STCA On Sale of
Consideration
before or 2 New Asset + LTCG
received. Yes
years After OR which was exempt
Deduction cant be
If Constructed, earlier also taxable
more than amount
Within 3 years
of capital gains

Rural Land
No STCA
Urban Land
Amt Invested or
STCA on Sale of New
Within 2 years LTCG which ever is Yes
Asset (While
less
Calculating Cost,
Capital Gain exempt
earlier will be
reduced from COA
 earlier will be
reduced from COA

STCA on Sale of New

Asset (While
Amt Invested or Calculating
Within 3 years LTCG which ever is Cost,Capital Gain Yes
less exempt earlier will
be reduced from
COA

STCA on Sale of New

Amt Invested or Asset (While
Within 1 year LTCG which ever is Calculating
before OR 3 less.(Amt Invested Cost,Capital Gain Yes
YEARS AFTER is Cost of Assets+ exempt earlier will
Cost of Shifitng) be reduced from
COA

STCA on Sale of New

Amt Invested or Asset (While
Within 1 year LTCG which ever is Calculating
before OR 3 less.(Amt Invested Cost,Capital Gain Yes
YEARS AFTER is Cost of Assets+ exempt earlier will
Cost of Shifitng) be reduced from
COA

Lower of
1. Amt Invested 2.
50 lacs 3.
Capital Gains
(Earlier Max On sale of securities
deduction which or loan taken on
could be claimed in securities within 3
Within 6 months No
1 year So people years, LTCA exempt
used to claim 50 earlier will be
lacs before march taxable.
and 50 lacs after
march, now total
50 lacs could be
claimed Max)
 Lower of
1. Amt Invested 2.
50 lacs 3.
Capital Gains
(Earlier Max On sale of securities
deduction which or loan taken on
could be claimed in securities within 3
Within 6 months No
1 year So people years, LTCA exempt
used to claim 50 earlier will be
lacs before march taxable.
and 50 lacs after
march, now total
50 lacs could be
claimed Max)

If sold within 5
years,then Amt of
Capital Gains* Amt LTCG exempt earlier
Invested/net will be
Consideration taxable+Capital gain
before the due
received. on sale of shares in Yes
date of ITR
Deduction cant be hands of
more than amount shareholder+capital
of capital gains gain in hands of
company on sale of
assets