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<h1>Exemptions on Capital Gains: Section 10 Covers Unit Transfers, Urban Agricultural Land, and Andhra Pradesh Land Pooling.</h1> Section 10 of the Income Tax Act provides exemptions for certain capital gains. Under Section 10(33), exemptions apply to gains from the transfer of units of the Unit Scheme, 1964, transferred on or after April 1, 2002. Section 10(37) allows individuals or Hindu Undivided Families (HUFs) to claim exemptions on gains from compulsory acquisition of urban agricultural land used for farming for at least two years before transfer, with compensation received on or after April 1, 2004. Section 10(37A) offers exemptions for gains from land or buildings transferred under the Andhra Pradesh Capital City Land Pooling Scheme, with ownership as of June 2, 2014.