54F Exemption if Lower Amt is Invested

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  1. para$

    para$ New Member

    if more than one asset is sold u/s 54f at the time of calculating exemption and assesee purchases new resi. house where amt. invested is less than consideration?
  2. sai tejesh(ca.final)

    sai tejesh(ca.final) Active Member

    U/S 54F Capital gain is fully exempted only if you invest your total consideration on purchase of residential property.
    otherwise only the proportionate amount of capital gains is exempted.
    Manoj Mehra likes this.
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