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Capital gains

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(Querist)
05 September 2011 Can purchase of new house property claim for exemption u/s. 54 for sale of 2 house properties and for exemption u/s. 54F ?
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CA Ashwani Agarwal

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CA Ashwani Agarwal (Expert)
05 September 2011 If you have sold House Property and purchase a new 1 then you can claim the exemption u/s 54 if the property is Long Term.
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anant

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anant (Querist)
05 September 2011 Sir,

I Have purchase 1 House Property at huge sum, i Have sold 2 house properties and also sold 1 capital Asset
So can i Avail exemption U/s. 54 & 54F in all the 3 cases with only 1 new house property?




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