Which amount should be invested for claiming exemption u/s 54 F, whether it should be actual sale consideration or sale consideration u/s 50 C of I.T Act 1961.
And which amount should be taken for computing proportionate exemption of capital gain u/s 54 F i.e. actual sale consideration or sale consideration u/s 50 C if investment is made lower than the sale consideration.
Entire capital gains are exempted when the amount of investment is equal or greater than the net consideration else the proportionate exemption is allowed.
The amount of exemption available is derived as...
Amount of investment X Capital Gains/Net Consideration
Hema Yashwanth & Associates
Chennai
B.Com
View Details
MANUJ SHARMA AND COMPANY
Noida
CA Inter
View Details
Saini Pati Shah & Co LLP, Chartered Accountants
Mumbai
CA Foundation
View Details
Kothari Jain Patil & Chartered Accountants
Pune
CA Inter
View Details
CCI
Pro
CAclubindia
