What is the maximum amount of exemption allowed under section 54? https://www.taxtmi.com/manuals?id=3436 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. en-us Fri, 08 Dec 2023 14:13:00 +0530 Fri, 08 Dec 2023 15:08:00 +0530 TaxTMI RSS Generator What is the maximum amount of exemption allowed under section 54? https://www.taxtmi.com/manuals?id=3436 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. Manuals Income Tax Fri, 08 Dec 2023 14:13:00 +0530 https://www.taxtmi.com/manuals?id=3436