Exemptions from Capital Gains Tax

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....nbsp;Income-tax Act, 1961 subject to the conditions as provided therein. Section 10(36) of the Income Tax Act, 1961 - LTCG on eligible equity shares shall be exempt if these shares are acquired on or after 1.3.2003 but before 1.3.2004 and held for a period of 12 months. 3. Schedule 3 (table Sl. No. 18) - Any income chargeable under the head "Capital gains" arising from the transfer of agricultural land. Such capital assets transferred by an individual or a Hindu undivided family. Following condition required to be fulfilled • (a) Such land is situated in any area referred to in section 2(22)(iii); • (b) such land, during the period of two years immediately preceding the date of transfer, was....

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....dian branch of foreign company into subsidiary Indian company [ Section 219 ] The capital gains which arising from conversion of Indian branch of a foreign bank into an Indian subsidiary shall not be chargeable to tax in the assessment year relevant to the previous year in which such conversion takes place. [ Section 219(1)(a) ] 6. Schedule 5 (Table Sl. No. 7) Any income by way of long-term capital gains (whether or not such capital gains are deemed as short-term capital gains under section 76), arising from an investment made by a specified person in India, whether in the form of debt or share capital or unit. subject to the fulfill the specific condition. Under Income Tax Act, 1961 [ Upto 31.03.2026 ] In the ....

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....he Act (subject to fulfilment of certain conditions for specified urban land). Following conditions are cumulatively satisfied: • Assessee being an Individual or HUF transfers the agricultural land situated in urban area • used for agricultural purposes by such HUF or individual or a parent if the individual during the period of two years immediately preceding the date of transfer and the transfer takes place by way of compulsory acquisition under any law. NOTES:- • Capital Gains computed with reference to original compensation as well as enhanced compensation are exempt. • Capital gains whether long term or short term are exempt. • If such urban agricultural land is hel....

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....rship Certificates  by the assessee received in lieu of land transferred under the scheme • Sale of reconstituted plot or land by the assessee within 2 years from the end of the FY in which the possession was handed over 6. Section 10(38) - Long term capital gain in case of specified securities covered by transaction tax.  Any income arising from the transfer of a long term capital asset being an equity share in  a company or a unit of an equity oriented fund or units of a business trust shall be exempt provided such transaction of sale is chargeable to STT • An exemption from tax on capital gains to the income arising from transaction undertaken in foreign currency on a recognised stock exchan....

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....version of Indian branch of a foreign bank into an Indian subsidiary  shall not be chargeable to tax in the assessment year relevant to the previous year in which such conversion takes place. [ Section 115JG(1)(i) ] • Condition for availing exemption - Exemption u/s 115JG is available only if the condition as prescribed by Notification No. 85/2018 date 06.12.2018. • (a) the Indian branch amalgamates with the Indian subsidiary company in accordance with the scheme of amalgamation approved by the shareholders of the foreign company and the Indian subsidiary company and sanctioned by the Reserve Bank of India. • (b) all the assets and liabilities of the Indian branch immediately before conv....