Section 54c
This query is : Resolved
14 December 2013
if i sold a property for 35 lakh but stamp duty charged on value of Rs.70 lakh and indexed cost be Rs. 20 Lakh. Capital gain as per section 50C will be Rs.50 lakh. what amount should i invest to claim exemption u/s 54F. Rs. 70 Lac or Rs. 35 Lac
14 December 2013
Property means not a residential property.
.
Invest Rs. 70 lacs or more to get full exemption U/s 54F.
.
If it's a residential property which was sold, invest Rs 50 lac to get exemption U/s 54.
.
.
Invest Rs. 70 lacs or more to get full exemption U/s 54F.
.
If it's a residential property which was sold, invest Rs 50 lac to get exemption U/s 54.
.
Message likes :
1 times
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
- Exiting partner in partnership firm in gst portal
- CLOSING STOCK QUERY
- TDS _Long term Capital Gain ref.sec 214 Table 2
- F&O reporting in ITR
- Residential status of non resident
- CASH GIFT FROM BLOOD RELATIVE
- TDS offline utility
- Due Date Clarity
- Query regarding TDS on EPFO Higher Pension Arrears- under wrong section
- Can a single LLP in India legally operate multiple unrelated businesses (Travel, Cloud Kitchen, Ecom
- DUE DATE FOR ITR FILING
- Concept of Vendor and customner reconciliation
- Mistake in e-invoice identified after 24 hours
- EXPORT PAYMENT
- NRI ITR2 account in 2025-26.
- Query regarding reporting of exempt foreign remuneration in ITR (AY 2026-27)
- FEMA/RBI treatment — Amazon.ca arbitrage (US buy, Canada sell, goods never enter India)
- Goods return by customer
- INWARD REMITTANCE FOREIGN
- CPC and SAC
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
