Capital gain u/s. 54f

This query is : Resolved

SUBHASH JAIN (Querist)
Follow

19 May 2015 How much capital gain is exempt under section 54F of long term capital gain. Whether any long term assets sold and do investment in residential property. What is the ratio of capital gain exemption.

Thanks

Subhash Jain

CS Advocate Abhishek Goyal

CS Advocate Abhishek Goyal (Expert)
Follow

20 May 2015 For claiming section 54F exemption investment is to be made in a residential property but there should not be any other residential property in the name of the assessee other than the new asset. Sale consideration is required to be invested if entire sale consideration is invested full exemption is available otherwise on proportionate basis.

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Summarize this with AI

ChatGPT Perplexity Claude Google AI Grok

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

Akshay Jain

chandradhass sathish

Gurunathan kannan

Rakesh Bansal

yadagiri

Subscribe Now

Capital gain u/s. 54f

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

Manager- Finance and Compliance

CA Final

GST CONSULTANT

Article Assistant

Accountant

GST CONSULTANCY