Capital gain (sec 54f)
This query is : Resolved
24 July 2014
Please advice on the below,
Net Sale consideration is 2800000
Amount invested for flat is 1800000
Capital gain is 1500000
To claim full exemption under this section we need to buy house property more than Net Sale consideration right.
But can we include cost (Rs 10,00,000) for the purchase of Wardrobe, Showcase, Bathroom & Kitchen fittings and other accessories in amount invested(i.e 1800000).
Net Sale consideration is 2800000
Amount invested for flat is 1800000
Capital gain is 1500000
To claim full exemption under this section we need to buy house property more than Net Sale consideration right.
But can we include cost (Rs 10,00,000) for the purchase of Wardrobe, Showcase, Bathroom & Kitchen fittings and other accessories in amount invested(i.e 1800000).
25 July 2014
in all probabilities fixtures and fittings might not fetch you the exemption.
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