Calculation of sec 54f

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

08 March 2013 Respected Sir,

I want to know that if amount invested in sec 54f is more than long term capital gain then which amount should be taken into consideration?

CA Prashant Gupta

CA Prashant Gupta (Expert)
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08 March 2013 in 54F you need to invest net consideration. it means full amount including captial gain to be invested. if sale consideration is 50 lac and captial gain is 10 lac. then you need to invest 50 lac

CA Prashant Gupta

CA Prashant Gupta (Expert)
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08 March 2013 for help please study
https://www.caclubindia.com/articles/a-quick-glance-on-exemption-from-capital-gain-16450.asp#.UTnjTzcXgc8

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