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Exemption U/S 54 & 54 F

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(Querist)
18 August 2010 Case:

1.One urban land was sold.

2. one residential house was sold

3. one new residential house was purchased

Q. Can exemption U/S 54 & 54 F be claimed for the same house purchased.
If the cost of new house > The sale consideration of land + sale consideration of old house sold?
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KRISHNA KUMAR R C

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KRISHNA KUMAR R C (Expert)
21 August 2010 YES

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