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If the price of The brand new asset purchased is larger compared to the cash gains, then it is obvious that there will be no funds gains as the complete funds gains is going to be exempted. Nevertheless, if the new dwelling is sold within just 3 several years, then price of The brand new house might be computed as follows:  

The level of exemption below Part fifty four from the Profits Tax Act for your very long-time period money gains would be the decrease of:

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Be sure to Observe each and every work has long been made to make sure that the enclosed information is correct; nevertheless, within the occasion of an error, the winning quantities and prize amounts in the official information on the Ga Lottery Company shall be controlling.

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