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Section 54

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LD Kumawat (Querist)
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31 December 2018 Hii,
Can i claim exemption U/s 54 for consideration of sale of residential plot by Investing In another residential plot of land in urban area??

Nikhil Kaushik

Nikhil Kaushik (Expert)
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01 January 2019 section 54 benefits are applicable only on residential house. Just a piece of residential plot is not eligible for section 54 benefits.

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