Capital gain

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Yash Dave (Querist)
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10 July 2013 I AM HAVING SELF OCCUPIED RESIDENTIAL FLAT.I HAVE SOLD DURING THE YEAR 2013 PLOT OF LAND WHICH WAS ACQUIRE IN 1988 AND THE SALE PROCEEDS INVESTED IN ANOTHER RESIDENTIAL UNIT WHETHER LT GAIN ON SALE OF PLOT IS EXEMPTED U/S 54F BEING REINVESTED IN RESIDENTIAL UNIT OR NOT

CA PARAS BAFNA

CA PARAS BAFNA (Expert)
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11 July 2013 IN THE ABSENCE OF FULL STOP OR ANY PUNCTUATION IT IS DIFFICULT TO ASCERTAIN WHETHER YOU HAVE SOLD PLOT SEPARATELY FROM THE FLAT HOWEVER CAPITAL GAINS WILL BE EXEMPT U/S 54F.
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Yash Dave

Yash Dave (Querist)
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12 July 2013 I AM HAVING SELF OCCUPIED RESIDENTIAL FLAT.I HAVE SOLD DURING THE YEAR 2013 PLOT OF LAND WHICH WAS ACQUIRE IN 1988 AND THE SALE PROCEEDS INVESTED IN ANOTHER RESIDENTIAL UNIT WHETHER LT GAIN ON SALE OF PLOT IS EXEMPTED U/S 54F BEING REINVESTED IN RESIDENTIAL UNIT OR NOT

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