section 54. please help.

Ankush (Student) (1374 Points)

02 October 2017

Under section 54 do you need to reinvest amount of capital gain or full value of consideration received on sale?

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7 Replies

Rahil (none) (46 Points)
Replied 02 October 2017

Full value

CA Rashmi Gandhi (Chartered Accountant) (86495 Points)
Replied 02 October 2017

Only amount of capital gain... Not full consideration...

Ashwin Kumar (1234 Points)
Replied 02 October 2017

only amount of capital gain to be reinvested

Krishna Sarma (Article Assistant) (74 Points)
Replied 02 October 2017

Only Capital gain amount to be invest

CA Rashmi Gandhi (Chartered Accountant) (86495 Points)
Replied 02 October 2017

Its a simple conceptthat you want to claim deduction for taxable income so you have to invest upto taxable income from capital gain.

Ankush (Student) (1374 Points)
Replied 02 October 2017

Thanks everyone for the reply

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CA Rashmi Gandhi (Chartered Accountant) (86495 Points)
Replied 02 October 2017

Welcome...... My pleasure......

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