How Rs 10 crore capital gains deductible limit is imposed on residential property reinvestment – | NutSocia

Minister of Finance Nirmala Sitharaman On Wednesday recommended capping the deduction capital gain on investment in residential property under Sections 54 and 54F of RS 10 crore. The new provision seeks to prevent huge deductions being claimed by wealthy appraisers after purchasing very expensive homes. Previously, there was no such limit, and typically high net … Read more