Sec 54
This query is : Resolved
ANKUR SINGH
(Querist)
30 December 2015
If a individual sale there co-owned land which have capital gain of Rs. 30.00 Lacs and he is purchase a flat for Rs. 48.00 Lacs which have house loan of Rs. 25.00 Lacs now what amout will be exempt u/s 54.
CA PARAS BAFNA
(Expert)
04 January 2016
The full amount of capital gain is exempt U/s 54F subject to the conditions prescribed.
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