Section 54f

Aarthy (student) (103 Points)

13 December 2011  

section 54F of IT act

 

if the cost of the new asset is less than the net consideration in respect of the original asset, so much of the capital gain as bears to the whole of the capital gain as bears to the whole of the capital gain the same proportion as the cost of the new asset bears to the net consideration, shall not be charged under section 45.

 

what does this mean????