EXEMPTION U/S 54B ON SALE OF AGRICULTURAL LAND
This query is : Resolved
09 August 2024
I have a query that Can we claim Exemption u/s 54B for 2 Financial years i mean for F.y.2023-2024 and financial year 2024-2025. Because the 1st property sold in 2023-2024 and we have already made investment in new agri land in 2023 year only. And subsequently we sold another Agri land in 2024-2025 and we are planning to claim exemption for this u/s 54B also.
Can we claim Exemption u/s 54B for both the financial years.
Please help me with this.
Thanks in advance
Can we claim Exemption u/s 54B for both the financial years.
Please help me with this.
Thanks in advance
Dhirajlal Rambhia
(Expert)
09 August 2024
Are you going to purchase another agricultural land?
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