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CAP GAINS - 54F

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08 May 2021 ASSESEE HAS SOLD A LAND AND IS LIABLE FOR CAPITAL GAINS. CAN HE CLAIM EXEMPTION U/S 54F BY CONSTRUCTING A SINGLE APARTMENT WHICH WILL HAVE 5 FLATS IN IT AND WHICH WILL BE LET OUT FOR RESIDENTIAL PURPOSE. PLEASE GUIDE
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
08 May 2021 Construction of single house is allowed not 5 flats.
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