18 January 2013
EXEMPTION U/S 54 & 54 F ARE APPLICABLE ON SALE OF DIFFERENT KINDS OF PROPERTIES. . WHEN YOU SALE RESIDENTIAL PROPERTY- EXEMPTION U/S 54 CAN BE AVAILED. FOR OTHERS 54F CAN BE AVAILED. . SINCE THERE IS NO HIGHER SIDE LIMIT FOR EXEMPTION- ENJOY THE BENEFIT UNDER A SINGLE SECTION FOR A SINGLE PROPERTY SOLD. .
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