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Section 54B

Heerak Jain (18 Points)

03 March 2019

exemption is available under this section on both LTCG or STCG or not.

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7 Replies

CA. Umesh kumar (ca.umesh11@gmail.com) (1465 Points)
Replied 03 March 2019

exemption only for LTCG,

Giridhar S Karandikar (Team Lead) (7543 Points)
Replied 03 March 2019

under IT Act no exemption allowed under any section for STCG.

Priya Kashyap (Student) (7048 Points)
Replied 03 March 2019

exemption is available on both long term capital Assets and short term capital assets.
the benefit is only available to individual for h u f
in case of sale of agricultural land long term as well as short term capital gain exemption under section 54 b is available

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RAMAKRISHNAN R (INCOME TAX OFFICER) (1736 Points)
Replied 03 March 2019

agree with Ms. priya since nothing is mentioned against the capital asset I. e. short term or long term

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Krishan kant (student) (600 Points)
Replied 03 March 2019

priya is right..

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Mayur Patil (Article) (1276 Points)
Replied 04 March 2019

Sec 54B

To whom :- individual /HUF

when :- LT/ST agricultural land sold &
CG invested in purchase of agriculture land within 2 years from the date of transfer

Exemption :- investment or CG whichever is less

Lock in period :- 3years

1 Like