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Income Tax - Highlights / Catch Notes

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Deduction u/s 54F - LTCG - quantum of investment to be made in ...

Case Laws     Income Tax

June 13, 2023

Deduction u/s 54F - LTCG - quantum of investment to be made in the New House Property - Actual consideration or Value or transferred property determined as per Section 50C - when the assessee has invested entire actual sales consideration received by him in the purchase and construction of new house accordance with the provision of section 54F(1) thereafter the provision of section 50C has not been applicable - assessee is entitled to exemption under section 54F - AT

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