Section 54

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47 Points Posted on 01 October 2020
Whether
Exemption Amount = Purchase Cost of property + expenses ancilllary to purchase like stamp duty etc.

or

Exemption Amount = Only Purchase Cost of property
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On 01 October 2020 at 07:19 Report
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Quick Summary
This discussion clarifies the calculation of the exemption amount under Section 54 for Capital Gains Tax. It addresses whether the exemption covers only the property's purchase cost or if it also includes ancillary expenses like stamp duty. The focus is on Long Term Capital Gains (LTCG) where all conditions for Section 54 are met.

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61 Points Posted on 01 October 2020
Question revised provide more inputs. exemption depends on more information. LTCG and STCG.
1 Reply
On 01 October 2020 at 08:46
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47 Points Posted on 01 October 2020
It's LTCG and assume that all the conditions of Section 54 have been satisfied
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On 01 October 2020 at 08:49

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