HOW TO REMEMBER..........

Hello,

I do not remember the technicalities now but can give a simple suggestion.

1. Try and develop your interest in income tax. Develop a desire to become an expert in Income tax.

2. Discuss the section and technicalities with your friends. Just be a leader and address to your friend’s problems.

3. Focus on practical problems.

4. Focus on conceptual clarity.

5. Prepare a chart of section 54 in tabular form and mention all conditions of diff sub sections. Do this yourself. Do not borrow from friend or tax book.

Remember you can do anything.

Wait for more technically sound and better opinion.

Regards

thnx Ankur Garg for your suggestive points......... now it's looking easy to remember sec. 54........

thanks again..........

Refer V.K. Singhania. There, table is already given.

Try to focus on How each section shares same provision, and where it may different. Then learn the similarities, and remember the differences.

BEST OF LUCK !!!

MAKE LIST OF ALL SECTIONS AND SUB SECTION AND IMP POINT IN THAT SECTION IN SHORT AND PASTE IT ON UR DESK ,(WITH ATTRACTIVE DECORATION TO REMEMBER IT QUICKLY

dear  siddharth

 do meditration  its make ur mind so  sharp.  but do hardwork also.

read Paduka's fast track referencer.... da best...

Section 54 along with its subsection deals with exemption wrt capital gains generated. I had applied the following method to remeber section 54 and its subsection

Section 54  Sell house and buy house

Section 54B : It deals with transfer of land for agriculture. Amitabh Bachan(movie star) had declared himself as farmer and income tax department was against this view.So B for bachan the farmer.

54 D: Compulsory acquisiton of land.It is Dada giri of our government. So 54D remeber D stands for dadagiri of our govt.

54EC.  Invest in R(EC).  

54F. Acquire house from capital gains and it should be the first house of assesse.  So F for first house investment.

54G. Vide this seciton capital gains is exempt if assets is transferred form urban area. IN short   GO from urban area.G for Go.

Firstly read the cocepts and then solve the question of that problem frm V.K. singhania all the qusetion . u will remembered all the section....

Originally posted by : Ankur Garg
	Hello, I do not remember the technicalities now but can give a simple suggestion. 1. Try and develop your interest in income tax. Develop a desire to become an expert in Income tax. 2. Discuss the section and technicalities with your friends. Just be a leader and address to your friend’s problems. 3. Focus on practical problems. 4. Focus on conceptual clarity. 5. Prepare a chart of section 54 in tabular form and mention all conditions of diff sub sections. Do this yourself. Do not borrow from friend or tax book. Remember you can do anything. Wait for more technically sound and better opinion. Regards

 Thank you sir...... Nice methods

In my thot u shud try to correlate sections wid other things. Like I correlate the sections with the flat numbers of my colony and its residents. Or u can hv ur own remembrances. 

Dear Siddharth

dear it easy to remember if you follow the processor said by Mr. Ankur Garg.

I totally agree with Mr. Ankur

do this you will be a master in Sec 54 or in any topic which you will do like this.

Regards

Originally posted by : YASH JAIN
	Section 54 along with its subsection deals with exemption wrt capital gains generated. I had applied the following method to remeber section 54 and its subsection Section 54  Sell house and buy house Section 54B : It deals with transfer of land for agriculture. Amitabh Bachan(movie star) had declared himself as farmer and income tax department was against this view.So B for bachan the farmer. 54 D: Compulsory acquisiton of land.It is Dada giri of our government. So 54D remeber D stands for dadagiri of our govt. 54EC.  Invest in R(EC).   54F. Acquire house from capital gains and it should be the first house of assesse.  So F for first house investment.

thanks a lot.... dats a nice and easy way to learn

Thanks Yash for posting such a nice way to remember. Have you made tricks for learning other sections or in any subject.?... please do reply