How to remember section series of 54

This note mentions that how can you remember sections series of 54,This note is for them who doesn't remember these s54 series easily.

• [Section 54]  Long Term Capital Gain From Transfer Of Residential House Property.

->> {you can remember it by thinking  Ghar k badle Ghar.}

• [Section 54B] Capital Gain From Transfer Of Agricultural Land.

->> {you can remember it by thinking  B = Bullock Cart on Agricultural land}







 

• [Section 54D] Capital Gain on Compulsory Acquisition of Land and Building of an Industrial undertaking.

->> {you can remember it by thinking  D = Dishonest Government ki Dadagri}
 

• [Section 54EC] Long Term Capital Gain Exemption for Investment in Certain bonds.

->> {you can remember it by thinking  EC = 'E'xemption for Investment in 'C'ertain bonds.}
   (.i.e  E = Exemption , C= Certain bonds)

 

• [Section 54F] Long Term Capital Gain From Transfer Of Asset other than Residential House Property.

->> {you can remember it by thinking  F =  Family House ( owned not more than one.)}

 

• [Section 54G] Capital Gain on Transfer of assets in cases of Shifting of Industrial undertaking s from urban areas to any other area.

->> {you can remember it by thinking  "Sehar se kidhar bhi"}

 

• [Section 54GA] Capital Gain on Transfer of assets in cases of Shifting of Industrial undertaking s from urban areas to SEZ (Special Economic Zone).

->> {you can remember it by thinking  ''Sehar se SEZ"}

 

• [Section 54GB] Long Term Capital Gain From Transfer Of Residential House Property(house or a plot of land).

->> {you can remember it by thinking  GB = Ghar bech k Business.}
 ( i.e. G = Ghar , B = Business)


 

So, these were some tricks to remember section series of 54..Hope this would be helpful for many readers.

Giriraaj Vyas

https://www.facebook.com/ipccincometax