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Sec 54

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(Querist)
30 December 2015 If a individual sale there co-owned land which have capital gain of Rs. 30.00 Lacs and he is purchase a flat for Rs. 48.00 Lacs which have house loan of Rs. 25.00 Lacs now what amout will be exempt u/s 54.
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CA PARAS BAFNA

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CA PARAS BAFNA (Expert)
04 January 2016 The full amount of capital gain is exempt U/s 54F subject to the conditions prescribed.
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