Whether excess of exemptin u/s 54F of previous year can be claimed against enhanced compensation received in cureent year.
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Capital gain on enhanced compensation on compulsory acquired
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I think it cannot be claimed so....the proceeds of enhanced compensation can , however, be used to claim exemp u/s 54F...because in order to claim exemption u/s 54F we are required to invest the consideration received (here enhanced compen), therfore past excess investment cannot be claimed as such...
exemption regarding previous year cant be claimed in current year from the enhanced compensation.
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