Section 54F

What amount must be invested in a residential house to claim an exemption for long-term capital gains? | Mint

by

If we sell our residential house for, say, ₹50 lakh, do we have to invest the full 50 lakh to buy another residential house property, or do we only need to invest the long-term capital gains? I was under the impression that only the capital gains amount needed to be invested in another residential house … Read more

How exemption under Section 54F for long-term capital gains on the sale of a plot of land is computed? | Mint

by

I have sold a plot of land for ₹67 lakh. After indexation, the taxable long-term capital is around Rs35.40 Lakh. If I invest the long-term capital gains of Rs35.40 lakh in a residential flat, I understand that I do not have to pay any tax due to the exemption available under Section 54F. If the … Read more