Deduction u/s 54F

Section 54F clearly provides the meaning of net consideration which says net consideration means the full value of the consideration received or accruing as a result of the transfer of the capital asset as reduced by any expenditure incurred wholly and exclusively in connection with such transfer.

Thus it won't take into consideration section 50C value.

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Thank you

Dear Sir,

Hope you are doing well !!

As decided in many case laws, while computing the deduction for the purpose of Section 54F of the Act, we need to consider only “net consideration i.e actual sale price of property”.

You can go through the below link for reference:

https://taxguru.in/income-tax/section-54f-benefit-allowable-case-part-performance-contract.html

Hello Sir,

The net sales consideration will be actual sale price for capital gain exemption u/s 54F.

Sir you are also from Jaipur if you need any additional information feel free to contact me.

Hi,

For the purpose of section 54F, you will have to consider the actual sale price.

Hi,

- Section 50C deals with the value of consideration in case of sale of immovable property. In such cases, stamp duty value is the minimum value adopted by the tax authorities. If the actual sale price is less than stamp duty value then it should be supported by facts i.e. valuation report.

- In your case, it seems that the actual sale price is less than stamp duty value. At the time of filing the ITR,You should claim the deduction basis on the actual sale price subject to the above views.

Thanks

Hello,

U/s. 54F, net sale consideration would be the actual sale price.

Regards,

CA Hunny Badlani

Hi

Actual sale price of property will be considered here in your case.

Hope it helps