Whether DLC price is used in net consideration for calculation of exemption u/s 54F of the Act ?

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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  Whether compensation received for releasing the rented property is liable to tax ?

Sirs, We are one of the many tenants of public trust for more than 40 years. The trust tried to evict us earlier through the Court and the matter went up to Supreme Court where the decision was in our favor. Now the trust has proposed to pay us compensation through a compromise petition before the Small Causes Court. Will this compensation be taxable under Income Tax or Capital Gain or will be exempt as casual income?

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  Whether amount invested in renovation of new capital asset with in specified period is eligible deduction u/s 54F of the Ac?

Dear SIR, A person sells his plot and part of the sale proceeds are invested in the purchase of a partly built up house. Can he get exemption if remaining sale proceeds are invested in addition/renovation of the new capital asset within the stipulated period u/s 54F. Please advise.

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  whether sale of furniture is liable to capital gains tax?

A House property is sold for a consolidated value of Rs.1 Crore along with furniture. Value for the purpose of stamp duty of the house property is 95 lakhs & furniture for Rs.5 Lakhs was mentioned separately in the agreement. What will be the treatment of Rs.1 Crore receipt for computing Capital gain on house property sale? Value of furniture being personal asset whether liable to tax or not?

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