Income Tax Lecture 4.3 - Exemption from Capital Gain

In this lecture exemption from capital gain is explained. When capital gain is invested in new asset than there are exemptions are allowed under different section. 1. Sale of Residential House and Purchase of Residential House (Sec 54) 2. Sale of Agricultural Land and Purchase of Agricultural Land (Sec 54 B) 3. Capital gain on compulsory acquisition of Lands and Buildings (Sec 54 D) 4. Capital from Long term Capital assets invested in Long Term Specified Asset (Sec 54 EC) 5. Capital gain from transfer of Long Term Capital Assets and Purchase of Residential House (Sec 54 F)

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