Respected Board Members
I have a query regarding capital gain account scheme
the details are as follows:-
Purchase price 45000
sale price 500000
indexed cost of aquistion 45000*785/305 =115819
Capital Gain- 500000-115819= 384181
Now the query is what amount is to be invested in capital gain account scheme the whole 500000 or only the capital gain of 384181 ..