Sec. 54
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
27 October 2012
Can a person can claim exemption u/sec.54 by investing the amount of capital gain in residetial house site instead of new residential house ?
28 October 2012
A person can do so, provided the site gets shape of a Residential House in a reasonable time span.
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