<s>[INST] What is Section 54GB of the Income Tax Act? [/INST] ​​Section 54GB​ provides an exemption on the capital gain earned from selling a long-term capital asset being residential property (a house or plot of land. This exemption can be availed if the assessee invests the net consideration in equity shares of an eligible company and the company uses this investment to buy new plant and machinery. </s>