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Exemption from capital gain tax

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Querist : Anonymous

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Querist : Anonymous (Querist)
20 June 2014 I had sold a plot of land vide sale deed dated 19.08.2013 and purchased a flat vide sale deed dated 07.08.13. Whether I am allowed to get exemption of capital gain tax. I have no any other residential house except the flat now purchased.
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Nikhil Kaushik

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Nikhil Kaushik (Expert)
20 June 2014 yes, you are eligible for exemption under section 54F.
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Rupesh Jain

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Rupesh Jain (Expert)
20 June 2014 yes you can get benefit of u/s 54F according to this receipts to be invest in house. then no tax lavied
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CS,CA F,Numrologi TusharSampat

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CS,CA F,Numrologi TusharSampat (Expert)
24 June 2014 yes in this case ur eligible for sec 54F.
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