Say I sold a property for 1cr with indexed cost of acq of 10 L.
I invested 50L in REC bonds.
How much more should I invest in an apt to claim 54F fully and avoid capital gain tax on 90 L.
Without 54ec I should invest entire 1cr. How are calculations done in this case
Menu
54f and 54EC tohether
Replies (4)
Rs, 44,44,450/-
Thanks, so it's basically determine CG exemption based on investment on new house, and knock off balance CG with bonds upto 50L
Correct .............
You're right
Recent Threads
- Which IT section applicable for cash transaction i
- ITR -property dealer
- Warehouse Registration, Whether mandatory?
- Time limit for claiming Input GST credit
- Gst rate and Sac code or RCM attract
- Poll: Do you spend > 30 min/day fixing Tally JSO
- Interest on Accident Claim by Minor
- Capital Gain and Basic Exemption Limit
- Loan to wife and interest income husband income or
- AOC-4 is not being filed
Related Threads
CAclubindia
