Exemption under 54 e

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Querist : Anonymous

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Querist : Anonymous (Querist)
15 March 2014
if long term capital gain is invested for acquiring a residential house out of india whether exemption under 54 E is applicable ?

15 March 2014 it is not under 54E but 54F.

yes it is allowed. refer Prema P. Shah v. ITO, 100 ITD 60 (Mum.)


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