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Section 54F about second home

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SHRADDHA CLINIC

SHRADDHA CLINIC (Querist)
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29 July 2023 I have query regarding Capital gains invested in buying property. I own a house where I live. Last Financial year I bought second flat and I have given it for rent. I invested some amount in buying from Redemption of Mutual funds and I invested all the capital gains in it. I Can I avail benefit of section 54F to seek exemption from paying taxes on capital gains?

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)
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29 July 2023 Yes, you can avail exemption u/s. 54F IT act, provided other conditions as per the section are satisfied.

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)
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12 September 2024 Good Luck.

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