A Man has got a Capital Gain of Rs 60 Lacs by selling a land and he wants to get the exemption for the same . He has started a construction of house which shall cost Rs 30 Lacs and remaing 30 Lacs he shall invest in bonds Is there any sec which shall give exemption for the same
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Capital gain
Replies (2)
Section 54F and 54EC will apply here.
U/sec 54Fu shall use the full net consideration recd but whereas here i am using only half of my capital gain
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