Qery regarding LTCG

CA Parth Verma (NYU Stern Alumni ) (90 Points)

22 February 2011  

Mr A sold a plot and have LTCG of 20Lacs

In same yr he purchased a house for 50lacs for which he took loan of 40 lacs.

Kindly tell the LTCG exempted u/s 54.


Thanks in advance