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Amount of capital gain

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Querist : Anonymous

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Querist : Anonymous (Querist)
04 November 2017 If a property is purchased for Rs 30 lacs in 2009 and sold in 2017 for Rs 60 lacs. What is the amount to be invested bonds under section 54- the entire amount of Rs 60 lacs or the difference of Rs 30 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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