FAQs on Exemption available from Capital gains

Chapters / List

1. What are the various exemptions available in respect of capital gains arising on the transfer of capital assets?

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2. What is Section 54 of the Income Tax Act?

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3. Who can claim an exemption under section 54?

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4. Which capital asset is qualified for section 54 exemption?

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5. Which new asset should be acquired for claiming exemption under section 54?

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6. What is the maximum amount of exemption allowed under section 54?

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7. Is there any limit on the number of house properties in which further investment can be made?

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8. What is the time limit for making investment in new asset under section 54?

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9. What is the Capital Gains Account Scheme?

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10. What is the time limit to deposit the unutilized amount in Capital Gain Scheme Account?

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11. Whether investment made in a plot for the construction of a residential house are eligible for exemption under section 54?

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12. What are the circumstances in which exemption under section 54 can be withdrawn?

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13. What happens to the unutilised amount if the assessee (individual) dies before utilising the deposit under Capital Gains Scheme Account?

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14. What is Section 54B of the Income-tax Act?

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15. Who can claim exemption under section 54B?

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16. Which capital asset is qualified for section 54B exemption?

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17. Which new asset should be acquired for claiming exemption under section 54B?

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18. What is the maximum amount of exemption allowed under section 54B?

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19. What is the prescribed time limit for investment in new asset under section 54B?

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20. Is the benefit of depositing amount of capital gains in capital gain account scheme is available to claim exemption under section 54B?

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21. What are the circumstances in which exemption under section 54B can be withdrawn?

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22. What is Section 54D of the Income Tax Act?

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23. Who can claim exemption under section 54D?

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24. Which capital asset should be transferred to claim the exemption under section 54D?

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25. Which new asset should be acquired for claiming exemption under section 54D?

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26. What is the maximum amount of exemption allowed under section 54D?

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27. What is the prescribed time limit for investment in new asset under section 54D?

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28. Is the benefit of depositing amount of capital gains in capital gain account scheme is available to claim exemption?

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29. What are the circumstances in which exemption under section 54D can be withdrawn?

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30. What is Section 54EC of the Income Tax Act?

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31. Who can claim exemption under section 54EC?

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32. Which capital asset should be transferred to claim the exemption under section 54EC?

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33. Which new asset should be acquired for claiming exemption under section 54EC?

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34. What is the maximum amount of exemption allowed under section 54EC?

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35. What is the prescribed time limit for investment in new asset under section 54EC?

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36. Is the benefit of depositing amount of capital gains in capital gain account scheme is available to claim exemption under section 54EC?

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37. What are the circumstances in which exemption under section 54EC can be withdrawn?

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38. What is Section 54EE of the Income Tax Act?

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39. Who can claim an exemption under section 54EE?

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40. Which capital asset should be transferred to claim the exemption under section 54EE?

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41. Which new asset should be acquired for claiming exemption under section 54EE?

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42. What is the maximum amount of exemption allowed under section 54EE?

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43. What is the prescribed time limit for investment in new asset under section 54EE?

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44. Is the benefit of depositing amount of capital gains in capital gain account scheme is available to claim exemption under section 54EE?

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45. What are the circumstances in which exemption under section 54EE can be withdrawn?

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46. What is Section 54F of the Income Tax Act?

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47. Who is eligible to claim exemption under Section 54F?

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48. What types of assets qualify for exemption under Section 54F?|what are criterias to claim exemption under section 54F?

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49. What types of new assets are eligible for the exemption under Section 54F?

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50. What is the time limit for investing in the new asset?

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51. What is the maximum amount of exemption allowed under section 54F?

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52. Under what circumstances is the exemption under Section 54F denied?

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53. Under what circumstances can the exemption under Section 54F be forfeited?

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54. What is Section 54G of the Income Tax Act?

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55. Who can claim exemption under Section 54G?

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56. What is considered an "urban area" for the purposes of Section 54G?

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57. What type of capital asset is qualified for Section 54G exemption?

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58. What type of new asset must be acquired or constructed to claim the Section 54G exemption?

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59. What is the time limit for investing in the new asset for Section 54G exemption?

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60. Are there any specific requirements under section 54G for how the capital gain must be invested in the new asset?

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61. What is the maximum amount of exemption allowed under section 54G?

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62. What are the circumstances in which exemption under section 54G can be withdrawn?

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63. What is Section 54GA of the Income Tax Act?

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64. Who can claim exemption under Section 54GA?

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65. What type of capital asset is qualified for Section 54GA exemption?

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66. What type of new asset must be acquired or constructed to claim the Section 54GA exemption?

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67. What is the time limit for investing in the new asset for Section 54GA exemption?

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68. What is the maximum amount of exemption allowed under section 54GA?

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69. What is Section 54GB of the Income Tax Act?

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70. Who can claim an exemption under Section 54GB?

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71. Which capital assets are qualified for Section 54GB exemption?

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72. Where is the assessee required to invest for Section 54GB exemption?

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73. What is an eligible company?

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74. What is considered an eligible start-up?

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75. What is the time limit to invest in new assets for Section 54GB exemption?

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76. What is the time limit to invest in the new asset by the eligible company?

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77. What is the maximum amount of exemption allowed under section 54GB?

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78. How to compute exemption under section 54GB?

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79. What are the circumstances in which exemption under section 54GB can be withdrawn?

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