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Sec 54 f industry along with land and purchasing a resident

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(Querist)
12 September 2011 can by selling a industry along with land & plant & machinery and purchasing a residential house property with sale consideration an exemption be claimed u/s 54f plz guide me
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C A S.S.Agarwal, M.Com.,LL.B,

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C A S.S.Agarwal, M.Com.,LL.B, (Expert)
13 September 2011 Yes provided the same is under the proprietorship firm or in your individual name.
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