Capital gains query

For claiming exemption under section 54 Residential Property has to be purchased within 1 year or 2 years after the due date of transfer.

So Cost of new Asset or Capital gain whichever is lower

If Assessee has Purchased Residential property within 1 year and cost of acquisition Rs.67 Lakhs and stamp duty and Registeration charges paid Rs.4 lakhs so the total cost becomes Rs.71 Lakhs

so whether this Rs.71 Lakhs will be cost of new residential house eligible for exemption under section 54??