Sec 54
This query is : Resolved
08 May 2010
A person having 2 flats (Ground Floor and Second Floor) purchased some 20 years back is now going to enter into an agreement with flat promoters for getting 2 flats in exchange for the above 2 flats.
Whether 2 new flats will get exemption u/s.54 ?
Whether 2 new flats will get exemption u/s.54 ?
CMA Arif Farooqui
(Expert)
12 May 2010
i think yes .
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