[ad_1] STARTUPS U/S 54GB . Income Tax Benefit on Investment in Section 54GB of Income Tax Act Exemption on capital gains from sale of residential property if the proceeds are invested in equity shares of a startup firm. This exemption was created to provide assistance to an individual or HUF who wants to set up or start a business by selling residential property. The said income-tax provision under this section 54GB shall not apply to any transfer of residential property made after March 31, 22 modified by Central Board of…