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Capital gain on sale of agricultural land

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(Querist)
02 February 2012 An assessee has sold agricultural land (land was in use for agricultural activity at the time of transfer and is within 8 km from municipal limits). Assessee wants to invest proceeds in 54EC and 54F. Can he claim deduction under both the sections simultaneously?
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Bhaskaran Chackrapani Warrier

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Bhaskaran Chackrapani Warrier (Expert)
02 February 2012 Yes can be availed simultaneously.
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