Difference between Section 10 and Section 54 Exemptions

In Capital Gains, there are basically Two types of Exemptions

1. Section 10 Exemption

Capital gain is not computed in these cases.

2.Exemption under section 54/54B/54D etc. 

Capital gains is actually computed and later deduction are given for exemptions

(These are actually deduction but they are called exemption in income tax act)

Lets study Section 10 Exemptions first