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Amount of capital gain

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Querist : Anonymous

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Querist : Anonymous (Querist)
04 November 2017 A house is sold off for Rs 50 Lacs. The amount of purchase is Rs 30 lacs. If long term capital gain is eligible, what should be the amount to be invested in bonds under section 54 EC, the amount of difference I.e Rs 20 lacs or the entire amount of sale Rs 50 lacs
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Ashiwini Ballodia

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Ashiwini Ballodia (Expert)
05 November 2017 U/s 54EC amount to be exempt lower of: - Capial Gain - Amount Invested in Bond i.e you have to invest "Sell Proceeds less Index Cost of Acquisition" to exempt the entire caputal Gain
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