sunilpali (OPERATION HEAD(TAX AND AUDIT)) (129 Points)
15 March 2012dear all
mere pas mera one resi. house and one resi. plot hai, mene abhi resi. plot sale kar diya or jo sale consideration received hua use apne residential house me contruction me lga diya.( KOI BHI NEW ASSETS PURCHASES NAHI KI HAI)
kya me 54/54F ME REBATE LE SAKTA HU. PLEASE URGENT REPLY KARE
ca binny
(auditor)
(117 Points)
Replied 15 March 2012
Yes. You can avail benefit u/s 54F. The whole of the capital gain is exempt if the cost of the new asset is not less than net sales consideration. else proportionate exemption
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