Agricultural land
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
21 February 2013
Case:
Sold agricultural land within the radius of 8 KM of Corporation, for Rs. 1 Crore, the said amount is invested partly in Agricultural land and partly in residential house property.
query:
1.Can we claim the exemption u/s 54b and 54f simultaneously?
Or should only be invested in agricultural land to get benefit?
Sold agricultural land within the radius of 8 KM of Corporation, for Rs. 1 Crore, the said amount is invested partly in Agricultural land and partly in residential house property.
query:
1.Can we claim the exemption u/s 54b and 54f simultaneously?
Or should only be invested in agricultural land to get benefit?
Dintakurthi Tirumala
(Expert)
21 February 2013
Yes, you can get exemption benefit of both u/s54b and 54f.
OM SAI SRI SAI JAI JAI SAI
OM SAI SRI SAI JAI JAI SAI
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