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Exemption in Capital Gain

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(Querist)
04 August 2008 Sir,

An assessee purchase a land in sep. 2005 and sold a part of it in july 2008 and earn capital gain. How Can assessee avail exemption u/s 54?
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CA RAMESH KUMAR AHUJA

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CA RAMESH KUMAR AHUJA (Expert)
04 August 2008 It is a short term gain and no exemption is available u/s 54, 54B or 54F.
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