24 November 2015
I Sold Property of rs2 cores. and same is is mentioned in sale Deed. same is claimed exemption U/S 54. My Query is . Furniture and Fittings and Interiors Sold Value is of Rs.30 lacks. this amount are not shown in Sale Deed. Bu we Separate Agreement made and same is taken for capital Gan. As per Sale Deed Sale Value.2.00 Cores Sale of Furniture 30.00 Lacks Total 2.30 Cores Less: Building Cost 1.50 Crores Furnitures .25 Lacks Capital Gain .55 Lacks Exempt U/S54 2.80Crores Capital gain is NIl This is correct or Furniture and fittings are shown separatelyin the Income from Other Sourcess Please Clarify Sir