BLOG on Income Tax Management for - AY 2022-23 & 2023-24

Which Asset the Taxpayer should acquire to get the benefit of Exemption under these Sections 54, 54B, 54D, 54EC, 54F, 54G, 54GA and 54H ?

Section-54 :

Only 1 residential house in India (prior to the assessment year 2015-16 A residential house property)

Section-54B :

Agricultural land (maybe in rural area or urban area)

Section-54D :

Land or building for industrial purposes

Section-54EC :

Bonds of National Highways Authority of India or Rural Electrification Corpn. (investment Cannot exceed Rs. 50 lakh in current year and next year)

Section-54F :

Only 1 residential house in India (prior to the assessment year 2015-16 ; A residential house property)

Section-54G :

Land, building plant or machinery in order to shift an undertaking to rural area

Section-54GA :

Land, building, plant or machinery in order to shift an undertaking to any special economic zone

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