Tax on capital gain

In this case only the Capital Gains that arises from the sale of property will be requried to be invested.  If the capital Gains remain uninvested upto the date of filing the return relating to the A.Y. relevant to teh F.Y. then the same need to be deposited in the CGAS Scheme and exemption can be claiemd.  These CG need to utilized within a period of 2 years from the date of transfer & claim exemptino u/s 54

Capital gain tax in not on the sale price of the property. One needs to compute the capital gain from the purchase and sale of that particular property. You have not mentioned the purchase price and the date of purchase and the date of sale of the property.

dear mihir sir and giridhar sir i want to ask u about the (instalment) if he pays on the purchase of house from the money recuved by him on the sale of property, when we compute exemption thanshall we take  a purcase price or the total installment which he pays during the yaer on such purcgase of house under section 54F

Dear Deepak...

My view is...

As per sec 54/54f, Capital Gains/Sale Consideration should be invested in a residential House Property before the due date of filing the return. If it is not possible to invest within the due date, the same amount should be deposited in the capital gains scheme.  And Residential House Property should be purchased within 2 years or Constructed within 3years.

In your case, You have paid the instalment amount and not invested enitre SP/CG in HP before due date or not deposited in the Capital gains scheme. Installment amount paid before the due date is allowed as deduction.

Learned members, Correct me if am wrong.