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          Income Tax

          What is the maximum amount of exemption allowed under section 54?

          FAQs on Exemption available from Capital gains

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          Section 54 exemption limited by threshold; lower of long term gains or investment in new house plus CGAS applies. The maximum exemption under Section 54 equals the lowest of: the long term capital gains amount; the 10 crores statutory threshold; and the aggregate of amounts invested in a new house property plus amounts deposited in the Capital Gain Account Scheme, with the threshold first adjusted against the new house investment and the balance, if any, against deposits in the Capital Gain Account Scheme.
                            Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
                              Provisions expressly mentioned in the judgment/order text.

                                  Section 54 exemption limited by threshold; lower of long term gains or investment in new house plus CGAS applies.

                                  The maximum exemption under Section 54 equals the lowest of: the long term capital gains amount; the 10 crores statutory threshold; and the aggregate of amounts invested in a new house property plus amounts deposited in the Capital Gain Account Scheme, with the threshold first adjusted against the new house investment and the balance, if any, against deposits in the Capital Gain Account Scheme.


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