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Section 84 Capital Gains Tax Relief
On Compulsory Acquisition of Industrial Property
Section 54D ( Now Section 84 ) may provide capital gains tax exemption when qualifying industrial property is compulsorily acquired and the gain is reinvested as prescribed.
Selling a different long-term asset? Learn about Section 86 on reinvestment in a residential house for qualifying assets other than residential houses.
Section 84: Key Facts & Deadlines
Important conditions for claiming capital gains exemption on compulsory acquisition of industrial property.
Original asset used for industrial business during the 2 years immediately before transfer.
Purchase or construct qualifying replacement industrial property after transfer.
Both short-term and long-term capital gains may qualify.
Full eligible gain may be exempt if qualifying investment covers the gain.
Important: Section 54D ( Now Section 84 ) applies to qualifying compulsory acquisition, not an ordinary voluntary property sale. The benefit depends on the eligible capital gain, replacement investment and statutory conditions. There is no universal fixed 12.5% tax rate or ₹12.5 lakh maximum tax saving prescribed by Section 84 itself.
Official reference: Income Tax Department — Section 84 ↗
What Is Section 84 of the Income-tax Act, 2025?
When land or buildings used by an industrial undertaking are acquired compulsorily under law, the owner may receive compensation that results in a capital gain. This can create a tax liability even though the property was not sold voluntarily.
Section 54D ( Now Section 84 ) provides a conditional capital gains tax exemption on compulsory acquisition of qualifying industrial land, buildings or rights in such property. The provision allows the taxpayer to reinvest eligible capital gains in replacement industrial property for shifting or re-establishing the undertaking, or setting up another industrial undertaking.
To qualify, the original property must have been used for the undertaking's business during the 2 years immediately preceding the transfer. The eligible replacement investment must generally be made within 3 years after the compulsory acquisition. Full or partial exemption depends on the qualifying capital gain and cost of the new asset.
Suppose an authority compulsorily acquires land used by a factory for its business during the preceding two years. If the owner purchases qualifying replacement industrial land within 3 years to re-establish the undertaking, the resulting capital gain may qualify for full or partial exemption under Section 84, subject to the statutory conditions.
Important: Not every compulsory land acquisition qualifies for Section 84. The property must form part of a qualifying industrial undertaking and satisfy the prescribed business-use and reinvestment conditions. An ordinary voluntary sale does not qualify under this provision.
Official reference: Income Tax Department — Section 84 ↗
Who Can Claim Section 84 Exemption?
Section 54D ( Now Section 84 ) provides a possible capital gains tax exemption to an assessee whose qualifying industrial land, building or related rights are compulsorily acquired under law. The provision does not restrict eligibility to one particular taxpayer category. What matters is the qualifying industrial undertaking and compliance with the statutory conditions.
Taxpayers Who May Be Eligible
Individual Taxpayers
Factory owners and sole proprietors operating qualifying industrial undertakings.
Hindu Undivided Families (HUFs)
An HUF owning a qualifying industrial undertaking and relevant industrial assets.
Partnership Firms
Firms with qualifying industrial operations whose eligible assets are compulsorily acquired.
Limited Liability Partnerships
LLPs carrying on qualifying industrial business through an undertaking belonging to them.
Companies
Private limited and public limited companies with qualifying industrial undertakings.
Other Eligible Assessees
Other taxpayer categories may qualify where the undertaking, asset and transaction meet the statutory requirements.
What Conditions Must Be Satisfied?
The original asset must be land, building or rights in land or building forming part of an industrial undertaking belonging to the assessee.
The original asset must have been used for the business of that industrial undertaking during the 2 years immediately preceding the transfer.
The transfer must arise through compulsory acquisition under a law, not an ordinary voluntary sale.
Within 3 years after transfer, the assessee must make qualifying replacement investment for shifting, re-establishing or setting up an industrial undertaking.
Section 84 Eligibility: Practical Examples
Potentially Eligible: Factory Land
Mr. Sharma owns an auto-parts manufacturing undertaking. Its factory land has been used for business throughout the preceding two years. A government authority compulsorily acquires the land for a metro project.
If Mr. Sharma invests in qualifying replacement industrial land or building within 3 years for re-establishing the undertaking, Section 84 exemption may be available, subject to the remaining conditions.
Potentially eligible — subject to verificationNot Eligible: Rental Office Property
ABC Properties Pvt. Ltd. owns a commercial office building and earns rental income by leasing it to software companies. A government authority compulsorily acquires the building.
If the property is only a rental investment and does not form part of an industrial undertaking belonging to the company and used for its business, the essential Section 84 conditions are not satisfied.
Not eligible on these assumed factsImportant: Business Registration Alone Is Not Enough
Simply operating a company, holding a factory licence or owning commercial property does not automatically qualify a taxpayer for Section 84. The acquired asset must form part of the qualifying industrial undertaking, meet the prior business-use condition and be transferred by compulsory acquisition under law. The reinvestment must also serve one of the industrial purposes specified in Section 84.
सीधी बात: Section 84 का benefit सिर्फ individual factory owner ही नहीं, बल्कि eligible firm, LLP या company को भी मिल सकता है। लेकिन property industrial undertaking का हिस्सा होनी चाहिए और compulsory acquisition तथा reinvestment की conditions पूरी होनी चाहिए।
Official Income Tax Department reference: Section 84 — Income-tax Act, 2025 ↗
What Qualifies as an Original Asset Under Section 84?
Under Section 54D ( Now Section 84 ), not every industrial property qualifies for a capital gains tax exemption. The original asset must meet specific conditions relating to asset type, industrial use, period of use and compulsory acquisition.
| Condition | Section 84 Requirement | Practical Example |
|---|---|---|
|
01
Nature of Original Asset
|
The asset must be a capital asset consisting of land, a building, or any right in land or a building. The asset must also form part of an industrial undertaking belonging to the taxpayer. | Factory land, manufacturing building, industrial workshop or qualifying rights in industrial premises. |
|
02
Industrial Business Use
|
The original asset must have been used by the taxpayer for the business of the industrial undertaking. Merely owning property near a factory does not establish eligibility. | Production floor, qualifying industrial processing building or land used for the undertaking's operations. |
|
03
Two-Year Prior-Use Condition
|
The asset must have been used for the industrial undertaking's business during the 2 years immediately preceding the date of transfer. | Factory premises used for manufacturing throughout the two-year period before compulsory acquisition. |
|
04
Mode of Transfer
|
The asset must be transferred through compulsory acquisition under any law. An ordinary voluntary sale does not satisfy this requirement. | Industrial property compulsorily acquired by a competent authority under an applicable acquisition law. |
Qualifying vs Non-Qualifying Assets Under Section 84
These practical examples show how industrial use, property rights and compulsory acquisition affect original-asset eligibility.
| Asset / Transaction | Original Asset Eligibility | Reason |
|---|---|---|
| Factory land and building used for manufacturing for 5 years, then compulsorily acquired. | ✓ Potentially Eligible | The asset is part of an industrial undertaking, satisfies the prior-use period and is transferred through compulsory acquisition. Replacement investment conditions must still be met for the exemption. |
| Industrial workshop used for processing raw materials for 3 years, then compulsorily acquired. | ✓ Potentially Eligible | The premises may qualify where they form part of the taxpayer's industrial undertaking and the statutory use and transfer requirements are met. |
| Qualifying leasehold rights in factory premises used for industrial business for over 2 years, then compulsorily acquired. | ? Depends on Facts | Section 84 includes rights in land or buildings. Eligibility depends on the nature of the leasehold rights, capital asset status, actual business use and acquisition documents. |
| Vacant investment plot owned by a factory proprietor but never used for the industrial undertaking. | × Not Eligible | The required industrial business-use condition is not satisfied. Ownership by a factory proprietor alone is insufficient. |
| Industrial warehouse sold voluntarily to a private developer. | × Not Eligible | The transaction is an ordinary voluntary sale, not compulsory acquisition under a law. |
| Factory building closed and unused for 3 years before compulsory acquisition. | × Not Eligible | On the stated facts, the property was not used for the undertaking's business during the 2 years immediately preceding transfer. |
Does a Qualifying Original Asset Guarantee Section 84 Exemption?
No. Satisfying the original-asset conditions is only one part of Section 54D ( Now Section 84 ).
The taxpayer must also make qualifying replacement investment within 3 years after transfer to shift or re-establish the industrial undertaking, or to set up another industrial undertaking. The available exemption generally depends on the capital gain and cost of the qualifying new asset, subject to the other statutory conditions.
Important: Can Leasehold Industrial Property Qualify?
Potentially, yes. Section 84 expressly includes rights in land or buildings, so qualifying leasehold rights are not automatically excluded. However, their treatment depends on the legal nature of the rights, whether those rights constitute the relevant capital asset, their connection with the industrial undertaking, the prior-use condition and whether the rights themselves were compulsorily acquired.
Key Takeaway: Section 84 Original Asset
For Section 84 exemption, the original asset must be qualifying land, building, or rights in land or building forming part of an industrial undertaking. It must satisfy the 2-year prior-use condition and be transferred through compulsory acquisition under law. Replacement investment and other conditions determine the exemption ultimately available.
Official Income Tax Department reference: Section 84 — Income-tax Act, 2025 ↗
What Is a New Asset Under Section 84?
Under Section 54D ( Now Section 84 ), capital gains from the compulsory acquisition of qualifying industrial property may be exempt when invested in an eligible new industrial asset. The replacement investment must help shift, re-establish or set up an industrial undertaking within the prescribed period.
Which Replacement Assets Qualify Under Section 84?
Purchase Land or Building
Purchase qualifying industrial land or a building for shifting or re-establishing the existing undertaking, or establishing another industrial undertaking.
Construct a New Building
Construct another factory building or qualifying industrial structure for a purpose specified in Section 84. The construction cost and completion circumstances must be properly supported.
Acquire Rights in Land or Building
Acquire qualifying rights in another land or building, potentially including eligible leasehold rights. Their legal character and intended industrial use must satisfy Section 84.
What Must the New Asset Be Used For?
Shifting or re-establishing the existing industrial undertaking that was affected by compulsory acquisition.
Setting up another industrial undertaking using a qualifying replacement land, building or property right.
Qualifying vs Non-Qualifying Reinvestment Examples
Understand which types of investment may qualify as a new asset under Section 84.
| Reinvestment Scenario | Section 84 Eligibility | Explanation |
|---|---|---|
| Purchase land in Gujarat and construct a textile factory after the compulsory acquisition of an industrial undertaking's factory premises. | ✓ Potentially Eligible | Qualifying replacement industrial land and constructed building may meet Section 84 when acquired for shifting or re-establishing the undertaking within the prescribed period. |
| Purchase an industrial plot to establish a new manufacturing undertaking after qualifying compulsory acquisition. | ✓ Potentially Eligible | Section 84 includes qualifying investment for setting up another industrial undertaking. The transaction must satisfy the relevant asset and timing conditions. |
| Construct a new production building on land already owned by the industrial undertaking. | ? Depends on Facts | Construction of another building may qualify if it is genuinely for a permitted industrial undertaking purpose. The existing land's historical purchase cost should not automatically be counted as new investment. |
| Purchase a luxury residential apartment for the owner's personal use using acquisition compensation. | × Not Eligible | A personal residential investment does not satisfy the required industrial undertaking purpose under Section 84. |
| Invest compensation in shares, mutual funds, bonds or other financial securities. | × Not Eligible | Financial securities are not the qualifying replacement land, building or rights specified as a new asset under Section 84. |
| Purchase a commercial shop solely for an unrelated retail trading business. | × Not Eligible | On these facts, the property is not being acquired for shifting, re-establishing or setting up an industrial undertaking. |
3-Year Investment Deadline
The qualifying new asset must be purchased or constructed within 3 years after the transfer of the original asset through compulsory acquisition.
Capital Gain-Based Exemption
The exemption is measured against the qualifying capital gain, not automatically against the full compensation received. If eligible new asset cost is lower than the gain, the difference remains taxable.
Example: How Much Must Be Reinvested for Full Exemption?
Suppose the compulsory acquisition of qualifying factory land produces a capital gain of ₹40 lakh. The taxpayer invests ₹35 lakh in eligible replacement industrial property within 3 years.
Under Section 84(1)(i), the excess capital gain may be taxable. If eligible new asset cost were ₹40 lakh or more, the entire qualifying capital gain could be exempt, subject to all statutory conditions.
Important: Compensation Money Cannot Be Invested Anywhere
Section 84 does not provide an exemption merely because compensation is reinvested. The investment must be in eligible replacement land, building or rights for the industrial purposes specified in the law. Buying a personal residential house, investing in shares or purchasing an unrelated rental property does not qualify as a Section 84 new asset. A separate exemption provision may be relevant to a residential house investment in some long-term capital gain cases, but its own eligibility and reinvestment conditions must be checked independently.
Key Takeaway: Section 84 New Asset
Under Section 54D ( Now Section 84 ), a qualifying new asset can be replacement land, a building, rights in land/building or a newly constructed building. It must be acquired for shifting, re-establishing or setting up an industrial undertaking within 3 years of the compulsory acquisition.
सीधी बात: Section 84 में compensation का पैसा कहीं भी invest करने से exemption नहीं मिलती। नई industrial land, building या qualifying rights में सही purpose से investment जरूरी है। Full exemption के लिए eligible investment आमतौर पर capital gain के बराबर होना चाहिए।
Official Income Tax Department reference: Section 84 — Income-tax Act, 2025 ↗
Section 84 Reinvestment Timeline & CGAS Deadline
Under Section 54D ( Now Section 84 ), qualifying industrial property must generally be replaced within 3 years after the original asset's transfer. If the capital gain is not yet invested, the Capital Gains Account Scheme (CGAS) deadline may arise much earlier.
Maximum Reinvestment Period
Purchase or construct a qualifying replacement industrial asset after transfer.
Example: Industrial Property Acquired on 15 April 2026
Compulsory Transfer
Assume the qualifying industrial property is legally transferred by compulsory acquisition. This is the reference date for the 3-year window.
CGAS Deposit, If Required
Deposit the eligible unutilised capital gain before filing the return and no later than the applicable Section 263(1) due date.
Reinvestment Window Ends
Complete qualifying purchase or construction within 3 years of the 15 April 2026 transfer. Verify the exact last permissible date for the claim.
Tax Consequences
Under Section 84(4), unutilised CGAS deposit may become chargeable in the tax year in which the 3-year period expires.
How to count the period: Section 84 refers to the date of transfer. The acquisition notification, award, vesting and possession records may be relevant to establishing that date. Do not automatically treat the compensation receipt date as the starting point. Confirm the precise transfer date and final investment cut-off from the applicable documents.
What Is the CGAS Deposit Deadline Under Section 84?
Under Section 84(2), an eligible unutilised capital gain must be deposited in the specified scheme before filing the ITR and no later than the applicable due date under Section 139(1) ( Now Section 263(1) ). For the illustrative Tax Year 2026–27 transaction above, the usual filing deadlines would fall in 2027, not 2026.
Illustrative statutory due date for the specified non-audit business category.
Illustrative due date where no separate transfer-pricing reporting deadline applies.
Important: Missing the Deadline Does Not Always Tax the Entire Gain
Under Section 84(4), if money deposited under CGAS is not fully utilised within the qualifying 3-year period, the unutilised deposited amount is charged under Section 67 as income of the Tax Year in which the three-year period expires.
This should not be confused with the claim that the entire original capital gain automatically becomes taxable in every case. Exemption also depends on the qualifying capital gain, eligible investment and applicable CGAS compliance.
Key Takeaway: Section 84 provides a 3-year reinvestment window, but the applicable CGAS deposit deadline can arrive earlier. Determine the correct transfer date, check your ITR due date and retain evidence of the qualifying industrial investment.
Official references: Income Tax Department — Section 84 ↗ · Income-tax Act, 2025 (as amended in 2026) ↗
Section 84 Capital Gains Calculation With Example
Under Section 54D ( Now Section 84 ), capital gains arising from the compulsory acquisition of qualifying industrial property may be exempt when reinvested in an eligible industrial asset. The calculation depends on the capital gain and qualifying new asset cost, not simply the total compensation received.
Example 1: Partial Section 84 Exemption
Mr. Mehta — Textile Manufacturing Unit, Mumbai
| Particulars | Amount |
|---|---|
| Compensation on compulsory acquisition of factory land | ₹1,20,00,000 |
| Cost of acquisition of original land (without indexation) | ₹40,00,000 |
| Long-Term Capital Gain (G) | ₹80,00,000 |
| Cost of qualifying replacement industrial land (C) | ₹60,00,000 |
| Capital Gain Exempt Under Section 84 | ₹60,00,000 |
| Remaining Taxable LTCG (₹80L − ₹60L) | ₹20,00,000 |
| Illustrative LTCG Tax at 12.5% after exemption | ₹2,50,000 |
| Illustrative Tax Without Section 84 Exemption | ₹10,00,000 |
| Illustrative Base Tax Saving | ₹7,50,000 |
How Is the Exemption Calculated?
Calculate capital gain: ₹1.20 crore compensation minus ₹40 lakh eligible acquisition cost equals ₹80 lakh LTCG, assuming no transfer expenses or other adjustments.
Calculate the exemption: The qualifying replacement industrial land costs ₹60 lakh. Since the capital gain exceeds that cost, ₹60 lakh is exempt under Section 84(1)(i).
Calculate taxable gain: ₹80 lakh − ₹60 lakh = ₹20 lakh. At an illustrative 12.5% LTCG rate, base tax equals ₹2.50 lakh, before surcharge and cess.
Compare tax: Without the exemption, illustrative base tax would be ₹10 lakh. With the exemption, it is ₹2.50 lakh. The difference is ₹7.50 lakh.
Important: Why Is 12.5% Used Here?
This example assumes non-depreciable, long-term industrial land, calculation under the 12.5% without-indexation method, no eligible transfer expenses, and satisfaction of all Section 84 conditions.
Section 84 is not limited to long-term capital gains. Short-term gains can also qualify for the exemption, but the tax treatment of the remaining gain may be different.
For eligible resident individuals and HUFs transferring land or buildings acquired before 23 July 2024, the grandfathering comparison involving 20% tax with indexation may affect final tax liability. Surcharge, cess, depreciation and other applicable tax provisions must also be considered.
What Happens if the New Industrial Asset Is Sold Within 3 Years?
Section 84(1) prescribes special cost treatment when the qualifying new asset is transferred within 3 years of its purchase or construction. The treatment depends on whether the original capital gain exceeded the new asset cost.
Case 1: Capital Gain Exceeds New Asset Cost
When G > C, the excess gain is taxable in the original transaction. If the new asset is transferred within 3 years, its cost is treated as nil for the relevant capital gains calculation.
In Mr. Mehta's example, if the ₹60 lakh replacement industrial land is sold for ₹95 lakh within that period, the deemed acquisition cost is nil.
*Before eligible transfer expenses and other applicable adjustments. Whether this is STCG or LTCG depends on the holding period and relevant tax provisions.
Case 2: New Asset Cost Equals or Exceeds Capital Gain
When G ≤ C, the original qualifying capital gain may be fully exempt.
If the new asset is transferred within 3 years, its cost is reduced by the capital gain originally exempted, rather than automatically becoming nil.
For example, if the capital gain is ₹80 lakh and qualifying new asset cost is ₹90 lakh:
This adjusted cost is relevant if the asset is transferred within the statutory three-year period.
Key Takeaway: Section 84 Exemption Calculation
Under Section 54D ( Now Section 84 ), the exemption is generally the lower of eligible capital gain and qualifying new asset cost. Reinvesting less than the capital gain results in partial exemption. Selling the new asset within 3 years may also trigger the special cost-adjustment provisions of Section 84(1).
Official Income Tax Department references: Section 84 — Capital Gains Exemption ↗ · Income-tax Act, 2025 — Section 197 ↗
Two Tax Treatment Scenarios Under Section 84
Under Section 54D ( Now Section 84 ), the capital gains exemption depends on the relationship between the original capital gain (G) and the eligible cost of the replacement industrial asset (C). The law also provides different cost-adjustment rules if the new asset is transferred within 3 years.
Capital Gain > New Asset Cost
When G > C, the eligible new asset costs less than the original capital gain. The excess G − C remains taxable under Section 84(1)(i).
Capital Gain ≤ New Asset Cost
When G ≤ C, eligible replacement investment covers the capital gain. The entire qualifying gain may be exempt under Section 84(1)(ii).
| Comparison Basis | Case 1: G > C | Case 2: G ≤ C |
|---|---|---|
| Investment Condition | CASE 1 — PARTIAL Capital gain is greater than the qualifying cost of the new industrial asset. | CASE 2 — FULL Capital gain is equal to or less than the qualifying new asset cost. |
| Original Capital Gain Tax Treatment | CASE 1 — PARTIAL G − C remains taxable under the applicable capital gains provisions. | CASE 2 — FULL Entire qualifying gain exempt , subject to Section 84 conditions. |
| Exempt Capital Gain | CASE 1 — PARTIAL Exempt amount equals the qualifying cost of the new asset (C). | CASE 2 — FULL Exempt amount equals the entire eligible capital gain (G). |
| New Asset Transferred Within 3 Years | CASE 1 — PARTIAL Under Section 84(1)(i), the new asset's cost is treated as nil for the relevant capital gains computation. | CASE 2 — FULL Under Section 84(1)(ii), the new asset's cost is reduced by the originally exempt capital gain. |
| Capital Gains Account Scheme | CASE 1 — PARTIAL Where applicable: Deposit eligible unutilised capital gains intended for qualifying reinvestment by the statutory deadline. | CASE 2 — FULL The same conditional CGAS requirement applies if qualifying capital gain has not yet been fully invested. |
| Reinvestment Deadline | CASE 1 — PARTIAL Eligible new asset must be purchased or constructed within 3 years after original transfer. | CASE 2 — FULL The same 3-year reinvestment window applies. |
Section 84 Calculation: Two Practical Examples
Both examples assume qualifying compulsory acquisition, eligible industrial reinvestment and satisfaction of all other Section 84 conditions.
New Industrial Asset Costs Less Than Capital Gain
Since qualifying reinvestment is lower than the capital gain, ₹20 lakh remains taxable. The applicable tax rate depends on the nature of the original gain.
New Industrial Asset Cost Covers Capital Gain
The eligible new asset cost exceeds the capital gain. Therefore, full exemption may be available, subject to compliance with Section 84.
What If the New Industrial Asset Is Sold Within 3 Years?
Suppose the replacement industrial asset in each example is sold for ₹95 lakh within three years of purchase. Section 84 specifies different adjustments to its acquisition cost.
Case 1 — Cost Treated as Nil
Original gain: ₹80 lakh. New asset cost: ₹60 lakh. Since G > C, Section 84(1)(i) treats the acquisition cost as nil for the early transfer.
Case 2 — Cost Reduced by Exempt Gain
Original gain: ₹80 lakh. New asset cost: ₹90 lakh. Since G ≤ C, the cost is reduced by the originally exempt ₹80 lakh.
*Illustrative gains before eligible transfer expenses and other applicable adjustments. The actual classification and tax treatment of the new asset's transfer must be determined separately.
Is CGAS Mandatory in Both Cases?
No, not automatically. Under Section 84(2), a qualifying unutilised capital gain intended to support the exemption must be deposited under the Capital Gains Account Scheme (CGAS) where the statutory deposit rule applies. The deposit must be made before filing the ITR and no later than the applicable due date under Section 139(1) ( Now Section 263(1) ). If the qualifying gain has already been fully invested within the relevant filing stage, a CGAS deposit is generally unnecessary. Unused deposited amounts may become taxable under Section 84(4).
Key Takeaway: Section 84 Tax Treatment
Under Section 54D ( Now Section 84 ), when G > C, the difference remains taxable. When G ≤ C, the entire qualifying gain may be exempt. If the new industrial asset is transferred within 3 years, the cost-adjustment rules differ: nil cost in Case 1, and cost reduced by the exempt gain in Case 2.
सीधी बात: अगर capital gain ₹80 lakh है और नई industrial property में ₹60 lakh invest किए, तो ₹20 lakh taxable रहेगा। लेकिन eligible investment ₹90 lakh हो, तो पूरा ₹80 lakh gain exempt हो सकता है। नई property को 3 साल के अंदर बेचने पर अलग cost-adjustment rules लागू होते हैं।
Official Income Tax Department reference: Section 84 — Income-tax Act, 2025 ↗
Capital Gains Account Scheme (CGAS) Under Section 84
If you cannot immediately purchase or construct a qualifying replacement industrial asset after compulsory acquisition, the Capital Gains Account Scheme (CGAS) may help preserve your Section 54D ( Now Section 84 ) capital gains exemption. However, the deposit and reinvestment deadlines are different.
Before Filing Your ITR
Deposit the eligible unutilised capital gain before filing the return, and no later than the applicable due date under Section 139(1) ( Now Section 263(1) ).
Within 3 Years of Transfer
Use qualifying funds to purchase or construct the permitted industrial land, building or property rights within 3 years after the original asset's transfer.
How to Use CGAS for Section 84 Exemption
Determine Your Capital Gain
Calculate the eligible capital gain arising from compulsory acquisition of the qualifying industrial asset. Keep the acquisition award, transfer records and capital gains computation.
Open a Scheme-Eligible CGAS Account
Approach an authorised bank or branch offering the notified Capital Gains Account Scheme. Select the appropriate account type and complete the required documentation.
Deposit Eligible Unutilised Gain
Deposit the amount of unutilised capital gain intended for qualifying reinvestment before filing the ITR and within the applicable statutory due date. Preserve the deposit receipt and account records.
Use the Funds for Industrial Reinvestment
Withdraw and spend the CGAS funds under the scheme rules on qualifying replacement land, building or property rights for shifting, re-establishing or setting up an industrial undertaking within the prescribed period.
Report the Claim and Monitor Unused Funds
Report the Section 84 exemption and applicable CGAS particulars correctly in your ITR. Retain deposit and utilisation records. If deposited funds remain unused after the statutory period, Section 84(4) can make that amount taxable.
Important CGAS Rules Under Section 84
| CGAS Requirement | Section 84 Rule |
|---|---|
| When Is CGAS Required? | Where eligible capital gain intended for exemption has not been fully used for qualifying replacement investment before the relevant return-filing stage. |
| Deposit Deadline | Before filing the ITR and no later than the applicable due date under Section 263(1). |
| Where to Deposit | A specified bank or institution operating under the notified Capital Gains Account Scheme. Verify that the chosen branch accepts CGAS deposits. |
| Amount Counted for Exemption | Under Section 84(3), eligible amount already utilised for the new industrial asset plus qualifying CGAS deposits is deemed to be the new asset cost for calculating the exemption. |
| Withdrawal and Utilisation | Withdrawals must comply with the scheme procedures. Funds must be used for the qualifying new asset within the 3-year investment period. |
| Non-Utilisation Consequence | Under Section 84(4), the unutilised deposited amount is charged under Section 67 in the Tax Year in which the three-year period from the original transfer expires. |
Example: Section 84 Exemption With CGAS Deposit
Suppose a qualifying industrial property is compulsorily acquired and the taxpayer plans to reinvest in another industrial undertaking. Assume all other Section 84 conditions are satisfied.
Under Section 84(3), qualifying funds already invested plus the eligible CGAS deposit are treated as the new asset cost for calculating the initial exemption. The remaining ₹10 lakh capital gain is taxable under the applicable provisions.
What If the CGAS Deposit Is Not Fully Used?
Continuing the example, suppose only ₹15 lakh of the ₹30 lakh CGAS deposit is eventually used for qualifying replacement investment before the three-year period expires. The remaining ₹15 lakh stays unutilised.
Under Section 84(4), the ₹15 lakh unutilised amount becomes chargeable as capital gains in the Tax Year in which three years from the original asset transfer expire. It is not automatically taxed in the year the deposit was made. Withdrawal of the remaining account balance must follow the applicable scheme procedures.
What CGAS Documents Should You Keep?
Preserve the CGAS account-opening records, deposit receipts, account statements, withdrawal forms, industrial asset purchase or construction invoices, payment proofs and filed ITR acknowledgement. Section 84(2)(c) requires deposit proof to accompany the return. Since electronic ITRs are generally annexure-less, follow the applicable electronic filing and proof-submission requirements. Keep all evidence ready for verification by the Income Tax Department.
Key Takeaway: Section 84 CGAS
Section 54D ( Now Section 84 ) allows qualifying unutilised capital gains to be deposited in CGAS when the industrial replacement investment cannot be completed before the relevant ITR filing stage. Deposit funds by the applicable filing deadline, use them for the qualifying new industrial asset within 3 years, and retain complete supporting records.
सीधी बात: अगर industrial property की compulsory acquisition के बाद नया industrial asset अभी नहीं खरीदा है, तो eligible unutilised capital gain CGAS में समय पर deposit करना जरूरी हो सकता है। तीन साल में पैसा सही industrial asset में use नहीं हुआ, तो unused amount taxable हो सकता है।
Official Income Tax Department references: Section 84 — Income-tax Act, 2025 ↗ · Capital Gains Accounts Scheme Amendment, 2025 ↗
Section 84 vs Other Capital Gains Exemptions
Section 54D ( Now Section 84 ), Section 54 ( Now Section 82 ) and Section 54EC ( Now Section 85 ) provide different routes to capital gains tax exemption under the Income-tax Act, 2025. The correct provision depends on what asset you transferred, why it was transferred, the nature of the capital gain and where you reinvest.
| Comparison Basis | INDUSTRIAL ACQUISITION Section 84 Section 54D ( Now Section 84 ) | RESIDENTIAL HOUSE Section 82 Section 54 ( Now Section 82 ) | SPECIFIED BONDS Section 85 Section 54EC ( Now Section 85 ) |
|---|---|---|---|
| Who Can Claim? | SECTION 84 Any eligible assessee, including individuals, HUFs, firms, LLPs and companies, subject to the industrial undertaking conditions. | SECTION 82 Individuals and Hindu Undivided Families (HUFs) only. | SECTION 85 Any eligible assessee, subject to the prescribed original asset and bond investment conditions. |
| Original Asset Transferred | SECTION 84 Qualifying industrial land, building or rights in land/building forming part of an industrial undertaking. The asset must satisfy the prescribed 2-year business-use condition. | SECTION 82 A qualifying long-term residential house property, including applicable appurtenant land. | SECTION 85 Land, building or both transferred as a long-term capital asset. It does not apply to every category of long-term capital asset. |
| Required Type of Transfer | SECTION 84 Compulsory acquisition under a law. An ordinary voluntary property sale does not qualify. | SECTION 82 Qualifying taxable transfer of a residential house. Compulsory acquisition is not a universal requirement. | SECTION 85 Qualifying taxable transfer of long-term land or building. Compulsory acquisition is not required. |
| Eligible Capital Gain | SECTION 84 Short-Term or Long-Term Capital Gain , subject to the qualifying industrial property conditions. | SECTION 82 Long-Term Capital Gain on a qualifying residential house. | SECTION 85 Long-Term Capital Gain on qualifying land, building or both. |
| Qualifying Reinvestment | SECTION 84 Purchase qualifying land, building or rights, or construct a building for shifting, re-establishing or setting up an industrial undertaking. | SECTION 82 Purchase or construct one residential house in India. A limited one-time two-house option may apply where the qualifying gain does not exceed ₹2 crore. | SECTION 85 Invest eligible capital gains in specified, five-year redeemable bonds issued by eligible institutions or notified issuers. |
| Investment Time Limit | SECTION 84 Purchase or construct the eligible new industrial asset within 3 years after the original transfer. | SECTION 82 Purchase: 1 year before or 2 years after transfer. Construction: Within 3 years after transfer. Special timing provisions may matter in certain compulsory acquisition cases. | SECTION 85 Invest in specified bonds within 6 months after the original asset's transfer. |
| Exemption and Monetary Limits | SECTION 84 No specific fixed rupee ceiling is stated in Section 84. Exemption is generally the lower of qualifying capital gain or eligible new asset cost. | SECTION 82 Exemption generally equals the lower of the eligible LTCG or new-house cost. For calculating exemption, new-house cost above ₹10 crore is ignored. | SECTION 85 Maximum qualifying bond investment generally ₹50 lakh , subject to the limit for any tax year and the combined transfer-year and subsequent-year rule. |
| Capital Gains Account Scheme (CGAS) | SECTION 84 Available where applicable. Eligible unutilised capital gain must be deposited by the statutory deadline when required. | SECTION 82 Available where applicable. Qualifying unutilised gain may require a timely CGAS deposit. | SECTION 85 No equivalent CGAS deposit route under this provision. Eligible bonds must be purchased within the prescribed six-month period. |
| Early Transfer / Withdrawal Risk | SECTION 84 Transferring the new industrial asset within 3 years can trigger special nil-cost or reduced-cost rules. | SECTION 82 Transferring the new residential house within 3 years can trigger special capital gains cost adjustments. | SECTION 85 Transferring or converting specified bonds into money within 5 years, including certain loans against the bonds, can make the earlier exemption taxable. |
| Relevant Taxpayer Situation | SECTION 84 An industrial undertaking loses qualifying factory land or building through compulsory acquisition and needs eligible replacement property. | SECTION 82 An eligible individual or HUF transfers a long-term residential house and reinvests in another qualifying home. | SECTION 85 A taxpayer earns eligible LTCG from land or building and prefers a specified bond investment over property reinvestment. |
Which Capital Gains Exemption Should You Check?
Section 54D ( Now Section 84 ) is specifically designed for compulsory acquisition of qualifying industrial property. It focuses on preserving or establishing an industrial undertaking through eligible replacement investment.
Section 54 ( Now Section 82 ) applies to eligible long-term residential house transfers followed by qualifying residential house reinvestment. Section 54EC ( Now Section 85 ) offers a specified-bond alternative for eligible long-term land or building gains.
These provisions cannot be treated as freely interchangeable. Eligibility and the amount available depend on the original transaction, taxpayer category, investment dates and the conditions of each section.
Important: Do Not Confuse Investment Cost With Exemption Limit
Under Section 82, a taxpayer may spend more than ₹10 crore on a residential house, but only the permitted cost is considered when calculating the capital gains exemption. Under Section 85, the ₹50 lakh limit is subject to specific investment-period restrictions. Under Section 84, there is no fixed rupee ceiling stated in the provision, but exemption cannot exceed the qualifying capital gain.
Key Takeaway
Industrial property compulsorily acquired? Check Section 84. Long-term residential house transferred? Check Section 82. Long-term land or building gain to invest in specified bonds? Check Section 85. The appropriate exemption depends on the transaction and statutory conditions, not simply on which option appears to save the most tax.
Official Income Tax Department references: Section 84 · Income-tax Act, 2025 (as amended) — Sections 82 and 85 ↗
Common Mistakes to Avoid When Claiming Section 84 Exemption
A Section 54D ( Now Section 84 ) exemption claim depends on the correct industrial asset, acquisition documents, reinvestment and tax deadlines. Here are common mistakes, their possible consequences and how to avoid them.
| Common Mistake | Possible Tax Consequence | Correct Action |
|---|---|---|
|
01
Treating a voluntary property sale
as compulsory acquisition.
|
POSSIBLE CONSEQUENCE The transfer may fail the compulsory acquisition requirement, making Section 84 relief unavailable. | CORRECT ACTION Verify the applicable acquisition law, award, notification and transfer documents. Establish that the asset was compulsorily acquired under law. |
|
02
Missing the CGAS deposit deadline
for unutilised capital gains.
|
POSSIBLE CONSEQUENCE The exemption claimed against the unutilised amount may not be available if statutory CGAS conditions are not met. | CORRECT ACTION Where required, deposit the qualifying amount before filing the ITR and no later than the applicable Section 263(1) due date. Keep deposit proof. |
|
03
Reinvesting in a personal residence,
shares or unrelated property.
|
POSSIBLE CONSEQUENCE Such expenditure does not count as a qualifying Section 84 new asset. The unsupported exemption amount may remain taxable. | CORRECT ACTION Invest in qualifying replacement land, building or rights, or construct an eligible building for the prescribed industrial undertaking purpose. |
|
04
Selling the new industrial asset
within 3 years without checking
the cost-adjustment rules.
|
POSSIBLE CONSEQUENCE Under Section 84(1), the acquisition cost for the new asset may be nil or reduced, increasing the capital gain on its early transfer. | CORRECT ACTION Review the 3-year period from purchase or construction before transferring the asset. Calculate the potential tax impact before completing a sale. |
|
05
Unable to establish industrial
business use during the
preceding two years.
|
POSSIBLE CONSEQUENCE The original asset may not satisfy the two-year industrial-use condition, potentially invalidating the exemption claim. | CORRECT ACTION Preserve relevant factory licences, electricity records, production records, tax filings and business documents supporting actual use. |
|
06
Missing the three-year
replacement investment deadline.
|
POSSIBLE CONSEQUENCE Under Section 84(4), the unutilised CGAS deposit may become taxable in the Tax Year when the three-year period expires. | CORRECT ACTION Calculate the deadline from the original asset's transfer date. Track industrial property purchases, construction and CGAS utilisation well before the deadline. |
|
07
Assuming the compensation
receipt date starts the
reinvestment period.
|
POSSIBLE CONSEQUENCE Using an incorrect starting date may result in a late replacement investment or incorrect CGAS planning. | CORRECT ACTION Determine the legally relevant date of transfer from the acquisition, vesting, award and possession records as applicable. |
|
08
Calculating exemption using
the entire compensation
without computing capital gain.
|
POSSIBLE CONSEQUENCE The exemption amount and taxable capital gain may be incorrectly reported in the Income Tax Return. | CORRECT ACTION First compute the eligible capital gain. Then compare it with the qualifying replacement asset cost, including eligible CGAS deposits where applicable. |
Quick Checklist Before Claiming Section 84
Original asset verified: Compulsory acquisition, industrial undertaking and two-year prior use.
Exemption calculated: Eligible capital gain, qualifying new asset cost and actual investment.
Deadlines checked: CGAS filing date, three-year reinvestment and early-sale restrictions.
Important: Not Every Mistake Has the Same Tax Consequence
Some errors affect initial Section 84 eligibility, while others affect the amount of exemption or create a tax consequence in a later year.
For example, an ordinary voluntary sale may fail the original asset condition. An eligible new asset transferred within three years can trigger a special cost adjustment. Separately, an unutilised CGAS deposit is addressed under Section 84(4). These outcomes should not all be described as automatic taxation of the entire original capital gain.
Key Takeaway: Avoid Section 84 Claim Errors
To claim Section 54D ( Now Section 84 ), establish the compulsory acquisition, confirm the two-year industrial-use condition, calculate the capital gain correctly, and complete eligible industrial reinvestment within the three-year window. Where CGAS applies, comply with its deposit and utilisation requirements and maintain proper evidence.
सीधी बात: Section 84 की exemption claim करते समय compulsory acquisition के papers, factory-use records, capital gains calculation और reinvestment deadlines जरूर check करें। अगर CGAS जरूरी है, तो समय पर deposit और utilisation का proof भी रखें।
Official Income Tax Department reference: Section 84 — Income-tax Act, 2025 ↗
Section 84 Exemption: Documents & Compliance Checklist
Planning to claim Section 54D ( Now Section 84 ) exemption on the compulsory acquisition of industrial property? Keep these acquisition records, industrial-use proofs, capital gains calculations and reinvestment documents organised to support your Income Tax Return.
Compulsory Acquisition Documents
Keep the relevant government notification, acquisition order, award and vesting or possession records. These help establish the compulsory nature of the acquisition and the legally relevant transfer date.
Proof of Two-Year Industrial Use
Preserve relevant factory licences, electricity bills, production records, GST returns and operational records. They should support use of the acquired property for the industrial undertaking's business during the 2 years immediately preceding transfer.
Compensation and Transfer Records
Maintain the compensation award, payment advice, bank credit entries and relevant correspondence. Record the transfer date, compensation amount and payment dates separately.
Capital Gains Computation
Retain the original asset's purchase deed, acquisition cost, improvement expenses, eligible transfer expenses and supporting calculation. Apply the correct STCG/LTCG treatment, cost method and indexation rules, where applicable.
New Industrial Asset Documents
Keep the registered sale deed, lease or rights agreement and industrial-use records for the qualifying new asset. These help demonstrate that the investment is for shifting, re-establishing or setting up an industrial undertaking.
Investment and Construction Payment Proofs
Preserve relevant bank statements, payment receipts, contractor invoices, construction bills and completion evidence. These support the actual qualifying investment and timing.
CGAS Deposit and Utilisation Proofs
If CGAS applies, maintain the deposit receipt, bank account statement, deposit date, withdrawal records and utilisation proofs. These help support compliance with Section 84(2)–(4).
ITR Filing and Business Approval Records
Save the filed ITR, applicable capital gains schedules, exemption working papers and acknowledgement. For firms or companies, keep board resolutions, partner approvals or other business authorisations where applicable.
Important Deadlines to Track
Original Asset Industrial Use
Maintain evidence of qualifying business use in the two years immediately before transfer.
Replacement Asset Investment
Purchase or construct the eligible new industrial asset within three years after the original transfer.
CGAS Deposit, If Required
Deposit eligible unutilised capital gains before filing the return, and by the applicable statutory filing deadline.
Do You Need to Upload All Documents With Your ITR?
Generally, no. Electronic Income Tax Returns are ordinarily annexure-less. Taxpayers generally retain supporting documents rather than uploading every sale deed, invoice or receipt with the return.
However, Section 84(2)(c) specifically requires proof of CGAS deposit to be submitted with the return. Follow the applicable ITR form, electronic filing instructions and prescribed proof-submission process. Preserve original records for verification or assessment.
Important: Correct Documentation Alone Does Not Guarantee Exemption
A valid Section 84 exemption also depends on the compulsory acquisition, qualifying industrial undertaking, two-year prior-use condition, correct capital gains computation and eligible replacement investment. Transferring the new industrial asset within three years can trigger special cost-adjustment rules. Unutilised CGAS deposits may also become taxable under Section 84(4).
Key Takeaway: Keep a Complete Section 84 File
Keep a clear record of what was compulsorily acquired, how the property was used, when the transfer occurred, how the capital gain was calculated, and where the gain was reinvested. Proper records make it easier to substantiate your Section 54D ( Now Section 84 ) exemption claim.
Official Income Tax Department reference: Section 84 — Income-tax Act, 2025 ↗
Section 84: All Rules at a Glance
A quick reference to Section 54D ( Now Section 84 ) covering compulsory acquisition of industrial property, taxpayer eligibility, reinvestment conditions, capital gains exemption and CGAS compliance.
| Feature | Section 84 Rule / Condition |
|---|---|
|
01
Eligible Taxpayer
|
Any eligible assessee, including an individual, HUF, firm, LLP or company, whose qualifying industrial undertaking satisfies the Section 84 conditions. |
|
02
Original Asset
|
Land, building or any right in land or building forming part of an industrial undertaking belonging to the taxpayer. |
|
03
Industrial Use Condition
|
The original asset must have been used for the business of the industrial undertaking during the 2 years immediately before transfer. |
|
04
Mode of Transfer
|
Compulsory acquisition under any law. An ordinary voluntary property sale does not meet this requirement. |
|
05
Qualifying New Asset
|
Purchase another land, building or qualifying rights therein, or construct another building for shifting or re-establishing the undertaking, or setting up another industrial undertaking. |
|
06
Reinvestment Deadline
|
Generally within 3 years after the original asset transfer. Where qualifying compensation is not received on the transfer date, Section 89 may shift the calculation of the investment period to the compensation receipt date. |
|
07
Capital Gains Exemption
|
Exempt amount = Lower of eligible capital gain or qualifying new asset cost. Section 84 can apply to qualifying short-term or long-term capital gains. |
|
08
Tax Treatment: G > C
|
If capital gain (G) exceeds new asset cost (C), the excess G − C remains taxable. If the new asset is transferred within 3 years, its cost is treated as nil for the relevant computation. |
|
09
Tax Treatment: G ≤ C
|
If qualifying new asset cost equals or exceeds capital gain, the entire eligible gain may be exempt. For a transfer of the new asset within 3 years, its cost is reduced by the previously exempt gain. |
|
10
CGAS Deposit Requirement
|
Where required, deposit eligible unutilised capital gains in the notified Capital Gains Account Scheme (CGAS). Deposit before filing the ITR and no later than the applicable due date under Section 263(1), subject to the special timing rule in Section 89 where applicable. |
|
11
Unutilised CGAS Funds
|
Under Section 84(4), an eligible CGAS deposit not fully used for qualifying reinvestment is subject to taxation of the unutilised amount in the tax year specified by that provision. Any applicable Section 89 timing adjustment should be reviewed. |
|
12
Location of New Asset
|
Section 84 does not expressly prescribe a specific Indian state or region for the replacement asset. The investment must serve the permitted industrial undertaking purpose. Other applicable legal, tax and cross-border rules should be checked where relevant. |
Important: Section 89 Can Change the Starting Date
Under Section 54H ( Now Section 89 ), where an asset is compulsorily acquired and the compensation is not received on the transfer date, the prescribed period for qualifying reinvestment or capital gains deposit is calculated from the date of receipt of compensation.
Therefore, before calculating a Section 84 deadline, check both the legal transfer date and the compensation receipt date. Do not automatically use a fixed deadline based solely on the acquisition date.
Key Takeaway: Section 84 Exemption
Section 54D ( Now Section 84 ) provides conditional capital gains relief on compulsory acquisition of qualifying industrial land, buildings or rights. Check the 2-year industrial-use requirement, the qualifying replacement asset, the applicable 3-year reinvestment period, and any Section 89 timing extension before claiming the exemption.
Official Income Tax Department references: Section 84 — Income-tax Act, 2025 · Section 89 — Extension of Reinvestment Time
Do You Qualify for Section 84 Exemption?
Use these six checkpoints to understand whether your transaction may qualify for Section 54D ( Now Section 84 ) capital gains exemption on the compulsory acquisition of industrial property.
Was the Asset Land, Building or Property Rights?
The acquired capital asset must be land, a building or rights in land or building.
Did the Asset Form Part of Your Industrial Undertaking?
The property must form part of an industrial undertaking belonging to the taxpayer. Mere ownership of commercial land is not enough.
Was It Used for Industrial Business During the Previous 2 Years?
The original asset must have been used for the undertaking's business during the 2 years immediately preceding its transfer.
Was the Property Compulsorily Acquired Under Law?
The transfer must result from compulsory acquisition under an applicable law, rather than an ordinary voluntary sale.
Have You Made or Planned a Qualifying Industrial Investment?
The qualifying replacement asset must be acquired for shifting, re-establishing or setting up an industrial undertaking. If investment is still pending, the statutory deadlines and CGAS route need review.
Are the Reinvestment and CGAS Requirements Satisfied?
The replacement investment must be completed within the prescribed 3-year period. Where CGAS applies, deposit qualifying unutilised capital gain within the applicable filing deadline. Check Section 89 where compensation was received later.
What Does Passing All Six Checks Mean?
If the original asset, industrial undertaking, compulsory acquisition, qualifying investment and deadline requirements are satisfied, you may be eligible for full or partial capital gains exemption under Section 84. The actual exemption depends on the eligible capital gain and qualifying new asset cost. This checklist is a preliminary guide, not an automatic approval of a claim.
Important: Compensation Received After Acquisition?
Under Section 54H ( Now Section 89 ), if the original asset was compulsorily acquired but compensation was not received on the transfer date, the statutory period for qualifying replacement investment or capital gains deposit may be calculated from the date of compensation receipt. Do not decide eligibility solely from the acquisition date without checking this provision.
How Easy Return Helps With Section 84 ITR Filing
Get assistance with capital gains computation, Section 84 eligibility, CGAS compliance, supporting documents and Income Tax Return filing.
Initial Case & Eligibility Review
Discuss the compulsory acquisition, ownership of the industrial undertaking, two-year business-use records and applicable Section 84 conditions.
Capital Gains & Exemption Calculation
Review compensation, acquisition cost, eligible expenses and the correct STCG or LTCG computation. Apply indexation only where legally available and calculate the qualifying Section 84 exemption.
CGAS & Reinvestment Guidance
Review the 3-year investment period, any applicable Section 89 timing adjustment, and whether a Capital Gains Account Scheme deposit is required.
Documents & ITR Preparation
Organise relevant acquisition documents, industrial-use evidence, new asset payment proofs, CGAS records and capital gains schedules for the appropriate ITR.
Section 84 ITR Filing Assistance — ₹1,100
Start your Income Tax Return filing process with Easy Return. The Section 84 exemption claim and supporting capital gains computation are reviewed according to the applicable filing requirements.
Service fee note: ₹1,100 is the displayed ITR filing service price. Confirm applicable inclusions, additional advisory or documentation charges, and service scope before payment. Any income-tax liability is separate.
Official Income Tax Department references: Section 84 — Capital Gains Exemption · Income-tax Act, 2025 — Section 89 ↗
Need Help Claiming Section 84 Exemption?
Get guidance on capital gains calculations, industrial property reinvestment, CGAS compliance and ITR filing under Section 54D ( Now Section 84 ).
- Capital Gains Computation
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Official reference: The section descriptions refer to provisions of the Income-tax Act, 2025. For current statutory wording, amendments and applicability, consult the Income Tax Department's official Act and Rules resource .
Important Disclaimer
This article is authored by CA Sagar Batra for general educational and informational purposes only. It does not constitute personalised tax, legal or financial advice. The provisions of Section 54D ( Now Section 84 ) under the Income-tax Act, 2025, are subject to applicable amendments, rules and judicial interpretations. Earlier tax years may be governed by the Income-tax Act, 1961. All calculations, examples and tax savings shown are illustrative. Actual eligibility, capital gains tax liability and exemption depend on individual circumstances, applicable tax rates and statutory compliance. Readers should consult CA Sagar Batra or another qualified tax professional before claiming an exemption or making reinvestment decisions.
CA Sagar Batra
ICAI Registered Chartered Accountant · 10+ Years of Professional Experience · 12,000+ Tax Filings
Chartered Accountant with experience in taxation, compliance and business advisory. His work covers Income Tax, GST, TDS, tax notices, business compliance and financial documentation for individuals and businesses across India.