Question And Answer
Subject: Whether DLC price is used in net consideration for calculation of exemption u/s 54F of the Act ?
Querist: CA Ashok Kumar goyal
Answered by:
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Date: May 15, 2021
Query asked by CA Ashok Kumar goyal

Weather DLC price is used in net sale consideration for calculation  of  exemption u/s 54 F or actual sale consideration value is used.

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Answer given by

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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