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Deduction u/s 54f

This query is : Resolved 

10 June 2013 I have sold a gold of Rs. 25,00,000/- received from my mother. Which pertains to the year late 1980.
Now I have purchased a property worth 50,00,000/-.
So will I be able to get the duduction u/s 54F on my whole capital gain.

Kindly revert.

Thanking you.

10 June 2013 Yes you are eligible to claim the exemption provided you do not own more than one residential house.
.


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