https://www.taxtmi.com/forum/issue?id=110795 Exemption under section 54F applies where an individual or Hindu Undivided Family with long term capital gain from a non residential capital asset purchases a residential house in India within one year before or two years after the transfer, or constructs one within three years after. If the new asset's cost is at least the net consideration, the whole capital gain is exempt; if less, exemption is proportionate to the ratio of the new asset's cost to the net consideration. en-us Mon, 15 Aug 2016 16:35:42 +0530 Thu, 23 Jan 2025 15:56:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=110795 Exemption under section 54F applies where an individual or Hindu Undivided Family with long term capital gain from a non residential capital asset purchases a residential house in India within one year before or two years after the transfer, or constructs one within three years after. If the new asset's cost is at least the net consideration, the whole capital gain is exempt; if less, exemption is proportionate to the ratio of the new asset's cost to the net consideration. Discussion-Forum Income Tax Mon, 15 Aug 2016 16:35:42 +0530 https://www.taxtmi.com/forum/issue?id=110795