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of <h1>New Tax Relief Rules: Reinvest Capital Gains from Sold Agricultural Land for Exemptions under Clause 83 & Section 54B.</h1> Clause 83 of the Income Tax Bill, 2025, and Section 54B of the Income Tax Act, 1961, provide tax relief on capital gains from the sale of agricultural land if the proceeds are reinvested in new agricultural land. Both provisions apply to individuals and Hindu Undivided Families (HUFs) who have used the land for agricultural purposes in the two years before its sale. They require reinvestment within two years to qualify for tax exemptions. Differences include references to tax sections and filing procedures, with Clause 83 introducing structured handling of unutilized gains through specified bank deposits and government schemes. These provisions aim to support agricultural activities and discourage land diversion.
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