Dear all If one person sale his house in 21 lacs in 2018 which he purchased in 2001 in 465000. After indexation the gain is 835200. What amount to invest u/s,54. 21lacs or 835200?
Menu
Long term capital gains on residential property
Replies (3)
U/s. 54 capital gain amount is considered for exemption.......
So, if you invest Rs. 8.35 L or more in a house property in India, within specified time period, your LTCG tax liability reduces to zero.
Exemption under Section 54 is available when the capital gains from the sale of house property is reinvested into buying another house property. You need to invest the amount of capital gains and not the entire sale proceeds.
To claim exemption, you need to invest Rs.8,35,200 u/s 54.
835200 invest to claim exemption u/s 54
Recent Topics :
- Paper 6 - IBS
- Chhath Puja 2026 Dates Timing Tithi
- Tax Benefit on Second Property
- IPO application checklist: 18 rules that decide wh
- NSE IPO Price, GMP, Allotment Date and Listing
- Gst tax rate
- Cash deposited by customer
- CAPITAL GAIN REG
- Built a simple tool to automate client document fo
- Capital Gain on Sale of SRA Allotted Flat Received
Related Topics :
CAclubindia
