Part of: Section 54GB — Capital gain on transfer of residential property not to be charged in certain
(a) if the amount of the net conside ration is greater than the cost of the new asset, then, so much of the capital gain as it bears to the whole of the capital gain the same proportion as the cost of the new asset bears to the net consideration, shall not be charged under section 45 as the i ncome of the previous year; or