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<h1>Explore Capital Gains Tax Exemptions Under Income Tax Act: Sections 54, 54B, 54D, 54EC, 54EE, 54F, 54G, 54GA, 54GB</h1> Section 54 of the Income Tax Act provides exemptions from capital gains tax when the gains or sale proceeds are reinvested in specified new assets. The exemptions cover various scenarios, including the transfer of residential house property (Section 54), agricultural land (Section 54B), industrial land and buildings (Section 54D), investments in certain bonds (Section 54EC), units of specified funds (Section 54EE), long-term capital assets other than house property (Section 54F), and assets involved in relocating industrial undertakings from urban areas (Sections 54G and 54GA). Section 54GB addresses capital gains on transferring residential property.