According to Sec 50 C if the value assessed by the stamp valuation authority is higher than the actual sale consideration, such value assessed is deemed to be the full consideration on such transfer. If the assessee wishes to opt exemption under sec 54F exemption is available on proportionate basis of investment made which is computed as follows:
Long term Capital Gain X Amount invested in new residential house / Net sale consideration.
Here what does this net sale consideration mean? either actual sale consideration or value assessed by satmp valuation authorities???
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