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
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