Capital gain u/s. 54f
This query is : Resolved
SUBHASH JAIN
(Querist)
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
Thanks
Subhash Jain
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.
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