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section 50c

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(Querist)
27 May 2009 sale consideration 400000
cost of acquisition 100000
stamp value 500000
amount invested 400000

how much amount is exempted (amount invested out of gain)?
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CA. Aryendra

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CA. Aryendra (Expert)
27 May 2009 Amount Rs. 4,00,000.00 is considered for exemption.

Do not confused with Section 50 C and provisions related to exemption of amount
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CA.Tarun Maheshwari

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CA.Tarun Maheshwari (Expert)
27 May 2009 Agree with the expert.
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CA Nitin Wadhwani

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CA Nitin Wadhwani (Expert)
27 May 2009 But ultimately full value of consideration will be taken as 5 lacs only.

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