Capital gain saving on sale of house property

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AVTAR SINGH

AVTAR SINGH (Querist)
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25 January 2013 we sold our house and purchase 2 flats. can we consider both flats to save capital gain tax ?

kunal

kunal (Expert)
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25 January 2013 it is possible only if 2 new flats purchased were adjacent to each other. you may have to go to court

you can go for 54EC exemption

AVTAR SINGH

AVTAR SINGH (Querist)
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27 January 2013 Sir plz clear me. In section 54 it is mention anywhere that flat should be adjacent or we cant purchased 2 house for consume all the capital gain received on sale of house.

AVTAR SINGH

AVTAR SINGH (Querist)
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29 January 2013 Sir plz clear me. In section 54 it is mention anywhere that flat should be adjacent or we cant purchased 2 house for consume all the capital gain received on sale of house.