Utilization of full value of consideration u/s 54f
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
31 October 2014
Hi all...
As per sec 54F whenever there is a long term capital gain & assessee wants to claim exemption u/s 54F then he needs to purchase house which value equal to full value of consideration.
Now my question is what is full value of consideration? agreement amt or amt received by the assessee after payment of agent commission (ie Net Value of Consideration)??
As per sec 54F whenever there is a long term capital gain & assessee wants to claim exemption u/s 54F then he needs to purchase house which value equal to full value of consideration.
Now my question is what is full value of consideration? agreement amt or amt received by the assessee after payment of agent commission (ie Net Value of Consideration)??
31 October 2014
It is net value of consideration.
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