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Sec. 54

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Querist : Anonymous

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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 ?
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CA PARAS BAFNA

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CA PARAS BAFNA (Expert)
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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