Capital gain
Asseesee sale four Commercial plot and get long term capital gain
Total Sales Considerations from Four plots is Rs 2000000/-
He Purchase new res. House Purchase cost including registration fee is Rs 1900000/-
is Deduction U/s 54F available
Kindly guide
Replies (2)
Deduction U/s 54F is Available In Proportionate
=Capital Gain On sale of Commercial Plot x ( Cost of New House Purchase / Net Sale Consideration of Commercial Plot )
=Capital Gain On Commercial Plot x (19,00,000 / 20,00,000)
Mehul is right.
You can read https://taxadda.com/income-tax/capital-gain/capital-exemption-on-investment-in-residential-property-sec-54f/ for more details.
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