banner_ad

Capital gain exemption under section 154F

Others 1045 views 2 replies
User Avatar

Article
111 Points Posted on 18 March 2021
hello,

section 154F , if i purchase a plot and construct house on it. total of purchase of plot and construction cost will be allowed as deduction?
0 Reply Share Follow
On 18 March 2021 at 17:15 Report
Replies (2)
User Avatar

Chartered Accountant
24588 Points Posted on 18 March 2021
It is section 54F if full consideration received is reinvested then full amount is exempted.

otherwise formula for claiming exemption u/s 54F is
LTCG*Amount reinvested/Net sales consideration
Reply
On 18 March 2021 at 21:00
User Avatar

Article
111 Points Posted on 19 March 2021
Okay Thank you.
Reply
On 19 March 2021 at 14:44


CCI Pro
Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!

Leave a Reply

Post Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Recent Topic

More recent discussions | Post

Related Topics
Loading

Latest Job Openings

View all
Company
26 May 2026
Audit executive

vdsr & co LLP

Chennai

CA Inter

View Details
Company
ARTICLESHIP 04 June 2026
Article

Rakhecha & Co.

New Delhi

CA Inter

View Details
Company
ARTICLESHIP 17 May 2026
CA Article /Trainee

Malik Sunil & co

New Delhi

CA Foundation

View Details
Company
29 May 2026
Accounts assistant

Shubh Consultancy

Mumbai

Graduate (Any)

View Details
Company
09 June 2026
Accounts Associate

S Madan and CO

New Delhi

Graduate (Any)

View Details
Company
26 May 2026
Senior Accountant cum purchase Manager

Vardhaman Group of India

Pimpri Chinchwad

CA Inter

View Details
Company
ARTICLESHIP 23 May 2026
Article Assistants

Acupro Consulting

Gurgaon

CA Inter

View Details
Company
04 June 2026
Semi Qualified CA

Goyal Puneet & Associates

New Delhi

CA Final

View Details