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?
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Capital gain exemption under section 154F
Replies (2)
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
otherwise formula for claiming exemption u/s 54F is
LTCG*Amount reinvested/Net sales consideration
Okay Thank you.
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