What is the maximum amount of exemption allowed under section 54F?

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..... riginal asset is fully utilised to purchase or construct a residential house or deposited in a Capital Gains Account Scheme, the entire capital gain will be exempt from taxation. b) If partial consideration is invested in new house property: If net consideration arising from the sale of the original asset is not fully utilised to purchase or construct a residential house or deposited in a C .....

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..... [1] Inserted by the Finance Act, 2023 with effect from assessment year 2024-25. Earlier, there was no threshold limit for making investment in new house property and depositing amount in capital gain account scheme.​ - Manuals - Ready reckoner - Law and practice - Reference Guide - Quick Commentary Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - .....

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