Claiming of exemption

Dear sir,

As per section 54F exemption is given as below , 

(a) if the cost of the new asset is not less than the net consideration in respect of the original asset, the whole of such capital gain shall not be charged under section 45;

(b) if the cost of the new asset is less than the net consideration in respect of the original asset, so much of the capital gain as bears to the whole of the capital gain the same proportion as the cost of the new asset bears to the net consideration, shall not be charged under section 45:

so as per the above, we can claim full capital gain as exemption as the we have purchased new house property valued more than 15,00,000. 

Thanks

Thanks for reply to My query

But My Question was How to claim

i sold two LTCA for 15lakh(8+7)

Now u can sugesset me better

hiee friend lets discuss briefly.

54F -Suppose u transfered/sold  LTCA of value 15lac{(8+7)Not being any residential house} and u have purchased/ constructed a new residential; house within the stipulated time then the difference btwn sale consideration and net cost of specified asset shall be chargeble to tax.

54 - Suppose u transfered/sold  LTCA of value 15lac{(8+7)being a residential house} and u have purchased/ constructed a new residential; house within the stipulated time then the amount of gain or the cost of new asset whichever is lower shall be ur quantoum of exemption.

Hope it will help u to understsnd clearly.

Harshit

+918955737073

yes what u said is correct.

I can Claim Exemption only on One Asset.

Full Exemption i can take