Applicability of S. 54F of Income Tax Act - LTCG planning

Dear Sabyasachi,

As desired the answers are as follows :-

 1.listed in recognized stock exchange of india - YES (all LTCG is out of sale of shares which care listed in NSE or BSE)

2. securities transaction tax has been paid or not. - YES - STT has been paid (all  of shares which were sold are from NSE or BSE where STT was duly paid)

3. 10% in excess - (unable to understand the question - but nothing like this occurred here)

4. nature of assesse. - INDIVIDUAL
 

YES. Mr. Anand is eligible for deduction u/s. 54F upto 60 lakhs of shares sold.

For sec. 54F the sell proceeds is to be considered and not capital gain.

Dear Dhirajlal,

Thank You for your reply. 

One query - Irrespective of multiple times of sales from 1-4-2021 to 15-Dec-2021, section  54F is applicable.

In such case whole consideration amount will be considered, right ?

Rgds,

Yes.  Aggregate sale consideration...

Dear Sabyasachi,

"Tax liability is 10% in excess of Rs. 1 lac " is a general rule. But whether section 54F is applicable considering above circumstances is the question  ?