20 December 2013
Dear Sir ,
I have computed the capital gain on sale of residential house property .
Transfer date is 06.02.2013
Capital gain Rs.50,43,200
On 07.06.2013 investment in new residential property Rs .80,00,000 out of this investment 50% belongs to wife .
but for avoiding vat ,sale deed registered only for Rs .20,00,000
How much I can get deduction under section 54
Regards
Eswar
CAclubindia
