INVESTMENT U/S 54
This query is : Resolved
11 July 2025
Dear All,
I have purchase home on 20-02-2001 for Rs. 2,51,000/-
I have sold the same on 25-03-2025 for Rs. 23,00,000/-
I have again purchase new home on 25-06-2025 for Rs. 15,00,000/-
Index cost of old home is Rs. (251000*363/100) = 9,11,130
Capital Gain = 23,00,000-9,11,130 = 13,88,870/-
What is my tax liability on long term capital gain for FY 24-25?
Is it NIL or i have to invest full amount of sale consideration i.e. Rs. 23,00,000 to claim exemption under section 54?
The above confusion is due to change in rule related to long term capital gain from 23.07.2024 budget.
Thanking You
Nirmal Dave
I have purchase home on 20-02-2001 for Rs. 2,51,000/-
I have sold the same on 25-03-2025 for Rs. 23,00,000/-
I have again purchase new home on 25-06-2025 for Rs. 15,00,000/-
Index cost of old home is Rs. (251000*363/100) = 9,11,130
Capital Gain = 23,00,000-9,11,130 = 13,88,870/-
What is my tax liability on long term capital gain for FY 24-25?
Is it NIL or i have to invest full amount of sale consideration i.e. Rs. 23,00,000 to claim exemption under section 54?
The above confusion is due to change in rule related to long term capital gain from 23.07.2024 budget.
Thanking You
Nirmal Dave
11 July 2025
It's NIL tax payable in such a case.
No need for any investment.
No need for any investment.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- ITR -1 Filing
- TWO FIRM NAME IN ONE GST NUMBER
- Section 54 f disallowed will be taxed at what rate
- Transportation of Petrol, Diesel by GTA and Other than GTA
- Eway issued more than one
- SEA GOING ALLOWANCE
- Transfer of Rectification Rights to the Jurisdictional Assessing Officer
- Transfer of rectification rights to ao
- TDS whether applicable or not in case of Flat purchase
- IGST Refund pending since June 2022.
- CHANGE IN PARTICULARS OF DIRECTOR
- Procedure and Documents Required for Release of FD from DVAT
- How to rectify gstr1 credit note
- Non- payment of GST on supply of services- reg
- Other party gstin shown on my login id
- Accumulated surplus exceeding 15%
- Different GST Number MEESHO
- Query on TDS Section 194H
- Fees amount transfer procedure for two doctors
- Notice u/s 148 of IT Act
Trending Online Classes
CAclubindia
