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