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Deductions Allowable from Capital Gains

Available to : All assessees Section 48(i)
Available to : All assessees Section 48(ii)
* One residential house india with effect from assessment year 2015-16.

Exemption : Amount invested in one new house or capital gain, whichever is lower (Subject to certain conditions and limits).

Available to : Individual and HUFSection 54

Exemption : Amount invested in agricultural land or capital gains, whichever is lower (Subject to certain conditions and limits).

Available to : Individual and HUF

Available to : Any assessee. (subject to certain conditions and limits)Section 54D
Available to : Any assessee (subject to certain conditions and limits). Section 54EA
Available to : Any assessee (subject to certain conditions and limits)Section 54EB
* With effect from assessment year 2015-16 limit of ₹ 50 lakhs applies to total amount invested during financial year in which original asset is transferred and in subsequent financial year.

Available to : Any assessee (subject to certain conditions and limits)Section 54EC

Available to : Any assessee (subject to certain conditions and limits)Section 54ED
Available to : Any assesseeSection 54EE
Exemption : Amount invested in one new asset X capital gains/ Net Consideration (Subject to certain conditions and limits).

Available to : Individual and HUFSection 54F

Available to : Any assesseeSection 54G
Available to : All assessees (subject to certain conditions and limits)Section 54GA
Note:
1. W.e.f. April 1, 2017, eligible start-up is also included in definition of eligible company.
2. Provisions of this section shall not apply to any transfer of residential property made after March 31, 2017. However, in case of an investment in eligible start-up, the residential property can be transferred up to March 31, 2019.

Exemption : Amount invested in new asset by eligible Co. X Capital gains/Net Consideration (subject to certain conditions and limits).

Available to : Individual and HUFSection 54GB

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In case of any doubt / clarification, please visit the official website of Income Tax Department.

Updated : Jan 24, 2019
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