Long term capital gains on residential property

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.