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.
.
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