Sir or Madam
If I have sale consideration of rs 34 lakh and capital gain of rs 6 lakh and I'll claim 6 lakh under 54 exemption for reinvest.
Can I reinvest only 6 lakh on new property and utilise rest of the amount of personal purpose??
Sir or Madam
If I have sale consideration of rs 34 lakh and capital gain of rs 6 lakh and I'll claim 6 lakh under 54 exemption for reinvest.
Can I reinvest only 6 lakh on new property and utilise rest of the amount of personal purpose??
Yes, provided you had sold any house property to claim exemption u/s. 54 IT act.
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