54 cash - An Overview
54 cash - An Overview
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The amount of exemption underneath Area 54 with the Revenue Tax Act with the prolonged-time period funds gains would be the reduced of:
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Serves to be a stepping stone towards attaining larger sized economical objectives, like homeownership or retirement organizing.
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If the expense of The brand new residential property is lessen than the total sale volume, then the exemption is authorized proportionately. For the remaining quantity, you click here may reinvest The cash below Part 54EC in just six months.
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Situation two: Cost of The brand new house obtained is a lot more than the cash gains computed on the sale of the original household
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