Capital gains from sale of urban agricultural land
This query is : Resolved
29 July 2019
I have sold an urban agricultural land within the city limits. I have a huge capital gains due to this. I own 2 residental properties. I have let out on rent both of them. I do not have self occupied property still now. can I buy a new residental property for self occupation and adjust the capital gain under section 54.
30 July 2019
You already own 2 houses hence 54f exemption not available. Buy agricultural land 54B exemption available.
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