This question was asked in Section 54 Exemption for Residential House
Should the amount of purchase of new residential house wil be added in full value of consideration according to the provisions of capital gain.
Answers!
Hi Sakshi
Cost of New Residential house is not added to FVC
Instead ,lower of
Cost of New Residential house
and
Capital Gain
is allowed as deduction u/s 54
Comment
Answer the question...
Hi Sakshi
Cost of New Residential house is not added to FVC
Instead ,lower of
Cost of New Residential house
and
Capital Gain
is allowed as deduction u/s 54
Comment