54b
This query is : Resolved
CA Keyur Mehta
(Querist)
02 January 2015
Can 2 agricultural land be purchased against selling of 1 agricultural land for exemption u/s.54B ?
CA Nitin K. Varshney
(Expert)
02 January 2015
dear keyur, there is no restriction on purchasing nos. of agri land. assessee can purchase more than one land to get full exemption from capital gain.
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