54f
This query is : Resolved
16 May 2012
I Purchase a Land in 1995 for Rs. 750000/- and I Sold it in April, 2012 in Rs. 4500000/- and I Purchase a Residential Flat for Rs. 4250000/- in May, 2012 can I get the benifit of 54F
16 May 2012
Yes you will get exemption for the following amount:
Capital Gain * 42,50,000/45,00,000
The balance shall be taxable.
Capital Gain * 42,50,000/45,00,000
The balance shall be taxable.
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