Capital gain
This query is : Resolved
23 June 2012
1.can proceeds of a property be invested in agriculture land and exemption be claimed under incometax act
23 June 2012
If the Property sold is Agriculture Land, then only exemption can be claimed U/s 54B by investing in a new Agriculture Land.
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Hence, no exemption can be claimed.
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Hence, no exemption can be claimed.
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