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Help with income tax question ( capital gain)

Others 676 views 1 replies

Doge Doge

0 Points Posted on 20 November 2023

The answer is (b) 81,55,705

LTCG for Residential House Property is NIL. I need a detailed explanation for LTCG for jewellery after exemption u/s 54F.

Replies (1)

Dhirajlal Rambhia

SEO Sai Gr. Hosp.

211715 Points Posted on 09 February 2026

Exemption in this case can be claimed only in one HP as the aggregate capital gain exceeds 2 crs.
For investment of 2.50 Crs, sec. 54 exemtion can be clained full i.e. 2 Crs.
for remaining 50 lakhs additional investment, exemption u.s 54F could be claimed in the ratio of 98 to 298. i.e of Rs. 16,44,295
so the capital gain liability will be 98 lakhs minus 16.44 lakhs ie. 81.55 lakhs

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