Capital Gain
This query is : Resolved
pradeep saraf
(Querist)
09 September 2008
I had purchased a land in 2003 and have sold it in sept 2008. If I buy a residential house by the capital gain amount and let it out, will I get exemption under section 54F
09 September 2008
Yes you will get exemption
CA Rajesh S
(Expert)
09 September 2008
IF it is LTCG it cap gain is exempt. u have not mentioned the moth of purchase so i am not sure if it is LTCG OR STCG.
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