54

  Not applicable as transfer is not of residential property.

54b

Not applicable as transfer is land is not  agricultural on date of transfer

54d

Not applicable as there is no compulsory acquisition by authorities.

54ec

Not applicable as investment in bonds as 6 months has elapsed from date of transfer.

54f

Long Term Capital Gain from the Transfer of a Capital Asset other than Residential House Property

·        The exemption is available as seller is individual

·        The capital asset (i.e. land) results in a long-term capital gain (long term capital gain broadly means it is held at least for 3 years by seller or her relative from whom she might have inherited)

·        The amount of gain is invested in acquiring a new residential house.

·        The transferor assessee should purchase a residential house in India within a period of one year before or two years from the date of transfer or construct a residential house within three years from the date of the transfer of the original house. (Construction must be completed within these 3 years.), and

·        The new house property purchased or constructed has not been transferred within a period of three years from the date of purchase or construction. 

54g

Not applicable as assessee is not shifting an industrial undertaking to non-urban area

54ga

Not applicable as assessee is not shifting an industrial undertaking to any Special economic zone.