| Particulars | 54G | 54GA | Remarks |
| Applicability | Shifting of Industrial Undertaking from Urban Area | Shifting industrial undertakings from Urban Areas to any Special Economic Zone (SEZ). | The difference is in the area of Shifting of the Industrial Undertaking. |
| Eligible Assets | 1. Machinery 2. Plant 3. Building or Land 4. Right in Building or Land | 1. Machinery 2. Plant 3. Building or Land 4. Right in Building or Land | C 0 M M O N P R O V I S I O N S |
| Condition | It must be an Operative Industrial Undertaking and investment must be for such business | It must be an Operative Industrial Undertaking and investment must be for such business |
| Reinvestment in | 1. Machinery (New) 2. Plant (New) 3. Building or Land (Purchase/Construct) 4. Shifting of Original Assets and Operations 5. Incidental Expense | 1. Machinery (New) 2. Plant (New) 3. Building or Land (Purchase/Construct) 4. Shifting of Original Assets and Operations 5. Incidental Expense |
| Period for Reinvestment | 1 Year Before or 3 Years After the date of Transfer | 1 Year Before or 3 Years After the date of Transfer |
| Deposit in Capital Gain A/c Scheme (CGAS) | If the amount is not utilized before : 1. 1 Year Before or 2. Till the due date U/s 139(1) of filing ITR | If the amount is not utilized before : 1. 1 Year Before or 2. Till the due date U/s 139(1) of filing ITR |
| Time limit for deposit in CGAS | Latest by the due date of filing the ITR U/s 139(1) | Latest by the due date of filing the ITR U/s 139(1) |
| Amount of Capital Gain (CG) Exemption | If: The cost of a New Asset is More than CG = Whole of Capital gain If Cost of New Asset Less than CG = amount to the extent of new eligible asset | If: The cost of a New Asset is More than CG = Whole of Capital gain If Cost of New Asset Less than CG = amount to the extent of new eligible asset | C 0 M M O N P R O V I S I O N S |
| Cost of new Asset for exemption | Amount Spent + Deposit in CGAS | Amount Spent + Deposit in CGAS |
| Lock in Period | 3 Years | 3 Years |
| Sold during Lock in or Amount still Unutilised in CGAS | Capital Gain Earlier Exempted Shall be taxable in PY in which Asset is sold or time limit for CGAS expires | Capital Gain Earlier Exempted Shall be taxable in PY in which Asset is sold or time limit for CGAS expires |
| Period of expiry to be counted from | The date of Transfer of the original asset | The date of Transfer of the original asset |
| Definitions | Urban Area: any such area within the limits of a municipal corporation or municipality as notified by Central Government In this behalf | "SEZ" refers to areas defined under the Special Economic Zones Act, 2005. |
