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Section 54B

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Exemption under capital Gain: Section 54, 54B, 54D, 54EC, 54F, 54G & 54GA

Income Tax : Explore exemptions under capital gain with sections 54, 54B, 54D, 54EC, 54F, 54G, and 54GA. Eligibility, assets, limits, and lock-...

April 3, 2024 2829 Views 3 comments Print

Exemptions from Capital Gains: A Comprehensive Guide

Income Tax : Explore capital gains tax exemptions under Income-tax Act sections 54, 54B, 54D, 54EC, 54EE, 54F, 54G, 54GA, and 54GB. Learn rules...

October 27, 2023 14352 Views 1 comment Print

Capital Gains Exemptions [Section 10(37), 54, 54B, 54D]

Income Tax : The income tax department developed the idea of capital gain exemptions to address this problem. If we receive money from the sale...

July 1, 2023 4047 Views 2 comments Print

Summary of section 54B of Income Tax Act, 1961

Income Tax : Understand the provisions of section 54B of the Income Tax Act, 1961. Learn about the benefits and exemptions related to capital g...

November 2, 2022 4023 Views 0 comment Print

Section 54B Exemption on Capital Gains from Transfer of Agricultural Land

Income Tax : The Articles discusses about Basic conditions, Exemption Under Section 54B of Income Tax Act, 1961 available to Individual and HUF...

June 4, 2022 362589 Views 17 comments Print


Latest News


Representation against Extension of time limit under section 54 to 54GB without extension of Income Tax Return due date

Income Tax : Representation against Extension of time limit under section 54 to 54GB without extension of Income Tax Return due date Vidarbha I...

January 20, 2023 10602 Views 0 comment Print

Representation to FM on Concerns of Chartered Accountants

CA, CS, CMA, Income Tax : We have not noticed any heed being extended towards various issues and possible solutions we have proposed through those represent...

January 30, 2021 2808 Views 0 comment Print

Request to extend time limits under section 54 to 54GB

Income Tax : KSCAA has requested to Hon’ble Minister of Finance to extend various time limits under section 54 to 54GB of the Income-tax Act,...

January 10, 2021 15399 Views 0 comment Print


Latest Judiciary


No Capital Gain Tax on Shares Transferred as Gift: Bombay HC

Income Tax : Bombay High Court ruling states that capital gain tax is not applicable on the transfer of shares as a gift. Detailed analysis and...

May 10, 2024 17157 Views 0 comment Print

Receipt as confirming party on sale of right is income taxable under capital gain: ITAT Ahmedabad

Income Tax : ITAT Ahmedabad held that amount received as confirming party on sale of right is considered as receipts on sale of capital asset a...

March 21, 2024 786 Views 0 comment Print

Actual agricultural activity isn’t crucial in determining land as agricultural: Bombay HC

Income Tax : Learn from the Bombay High Court's judgment why actual agricultural activity isn't crucial in determining land as agricultural, im...

March 7, 2024 1056 Views 0 comment Print

Section 54B Exemption Valid for Pre Sale Deed Registration Land Investment: ITAT

Income Tax : Sold agricultural land? Re-invest the proceeds in new land within 2 years to claim tax exemption under Section 54B. Even if the ne...

March 1, 2024 1575 Views 0 comment Print

ITAT Upholds Revision: No AO Inquiry on Political Donation Receipts for 80GGC Deduction

Income Tax : ITAT Ahmedabad dismisses appeal against revision order denying 80GGC deduction for donation to a political party, emphasizing the ...

February 15, 2024 918 Views 0 comment Print


Latest Notifications


Extension of time limit for compliance under section 54 to 54GB

Income Tax : For claiming exemption Section 54 to 54 GB of the Act, for which last date falls between 01st April. 2021 to 28th February, 2022 m...

January 6, 2023 19473 Views 1 comment Print


Latest Posts in Section 54B

No Capital Gain Tax on Shares Transferred as Gift: Bombay HC

May 10, 2024 17157 Views 0 comment Print

Bombay High Court ruling states that capital gain tax is not applicable on the transfer of shares as a gift. Detailed analysis and judgment explanation provided.

Exemption under capital Gain: Section 54, 54B, 54D, 54EC, 54F, 54G & 54GA

April 3, 2024 2829 Views 3 comments Print

Explore exemptions under capital gain with sections 54, 54B, 54D, 54EC, 54F, 54G, and 54GA. Eligibility, assets, limits, and lock-in periods analyzed.

Receipt as confirming party on sale of right is income taxable under capital gain: ITAT Ahmedabad

March 21, 2024 786 Views 0 comment Print

ITAT Ahmedabad held that amount received as confirming party on sale of right is considered as receipts on sale of capital asset and accordingly, income is held as income from long term capital gain.

Actual agricultural activity isn’t crucial in determining land as agricultural: Bombay HC

March 7, 2024 1056 Views 0 comment Print

Learn from the Bombay High Court’s judgment why actual agricultural activity isn’t crucial in determining land as agricultural, impacting tax liabilities.

Section 54B Exemption Valid for Pre Sale Deed Registration Land Investment: ITAT

March 1, 2024 1575 Views 0 comment Print

Sold agricultural land? Re-invest the proceeds in new land within 2 years to claim tax exemption under Section 54B. Even if the new land is registered in your son’s name, you may still qualify. Learn the details and avoid common mistakes with this informative guide.

ITAT Upholds Revision: No AO Inquiry on Political Donation Receipts for 80GGC Deduction

February 15, 2024 918 Views 0 comment Print

ITAT Ahmedabad dismisses appeal against revision order denying 80GGC deduction for donation to a political party, emphasizing the need for genuine receipts.

ITAT Allows section 54 Deduction for property registered in spouse’s name

January 13, 2024 12942 Views 0 comment Print

ITAT Delhi rules in favor of taxpayer Simran Bagga, allowing deduction under section 54 for property registered in spouse’s name. Full text and analysis here.

Agricultural Land in Wife’s Name Eligible for Capital Gain Deduction u/s 54B

December 24, 2023 6876 Views 0 comment Print

Explore the Ravinder Kumar vs ITO case at ITAT Delhi. Learn how the tribunal allowed capital gain deduction under section 54B for agricultural land purchased in the name of the spouse.

ITAT Delhi dismisses reopening as same was based on change of opinion

November 5, 2023 360 Views 0 comment Print

Read the detailed analysis of the ITAT Delhi’s decision to dismiss a reopening based on a change of opinion in the case of ITO Vs Sant Singh.

Exemptions from Capital Gains: A Comprehensive Guide

October 27, 2023 14352 Views 1 comment Print

Explore capital gains tax exemptions under Income-tax Act sections 54, 54B, 54D, 54EC, 54EE, 54F, 54G, 54GA, and 54GB. Learn rules, eligibility, and conditions.

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