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Long Term Capital Gain U/s 54F

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16 November 2019 Long term Assets of 3 Properties were sold by an Individual the whole Net Consideration was invested in Construction of Residential building. Whether exemption can be claimed U/s 54F of Income Tax Act. Is there any restriction for number of properties sold Other than House Property and invested in one residential Property.
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Aashok Kumar Sharma online

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Aashok Kumar Sharma online (Expert)
04 June 2020 Yes..................there is no restriction regarding numbers of property sold.
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