Capital Gains

This query is : Resolved 

20 May 2011 Dear All

Is long term capital gains arising on transfer of tenancy right , eligible for exemption on subsequently purchasing a residential house property?

Please explain

Regards
Rahul

20 May 2011 Yes. Exemption U/s 54F can be availed.

21 May 2011 Yes eligible for exemption for u/s 54F.


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