Explore Capital Gains Exemptions: Sections 10(33), 10(36), 10(37), 10(37A), 10(38), and 115JG(1) Explained

Capital gains exemptions under various sections of the Income Tax Act include: Section 10(33) exempts gains from the transfer of units of Unit Scheme, 1964. Section 10(36) exempts long-term capital gains (LTCG) on eligible equity shares acquired between March 2003 and March 2004. Section 10(37) covers gains from compulsory acquisition of urban agricultural land. Section 10(37A) provides tax incentives for land transferred under Andhra Pradesh's land pooling scheme. Section 10(38) exempts LTCG from specified securities transactions subject to Securities Transaction Tax (STT). Section 115JG(1) exempts gains from converting a foreign bank's Indian branch into a subsidiary.