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54 exemption

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(Querist)
09 January 2017 sir. long term capital gain invested in constructing farm house... will i get exemption u/s 54??
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CS Advocate Abhishek Goyal

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CS Advocate Abhishek Goyal (Expert)
10 January 2017 According to me section 54 talks about residential house only and farm house is not covered.

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