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
Written on Oct. 29, 2016, 10:26 a.m.
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Answer of this question
Should the amount of purchase of new residential house wil be added in full value of consideration according to the provisions of capital gain.
Maninder
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