What is Section 54GA of the Income Tax Act?

Ans.  Section 54GA​ is a provision in the Income-tax Act that provides exemption from capital gains arising from the transfer of assets in the course of shifting an industrial undertaking from an urban area to a Special Economic Zone (SEZ). The exemption is allowed if the amount of capital gains is invested in new machinery, plant or building in the SEZ where the undertaking is shifted. ​