| Question And Answer | |
|---|---|
| Subject: | Whether DLC price is used in net consideration for calculation of exemption u/s 54F of the Act ? |
| Category: | Income-Tax |
| Querist: | CA Ashok Kumar goyal |
| Answered by: | Advocate Neelam Jadhav |
| Tags: | Capital Gains, DLC (District Level Committee) price |
| Date: | May 15, 2021 |
Weather DLC price is used in net sale consideration for calculation of exemption u/s 54 F or actual sale consideration value is used.
As per the section 54F, DLC (District Level Committee) price for calculation of exemption is not used. The Actual net sale consideration value of the assets has to considered Refer, Gouli Mahadevappa v. ITO (2013) 356 ITR 90 (Karn.)(HC)
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