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Short term capital gain

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(Querist)
31 December 2012 is residential plot is covered under definition of residntial house property under income tax act 1961 for claiming exemption under sec 54B OF INCOME TAX ACT 1961?
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CA PARAS BAFNA

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CA PARAS BAFNA (Expert)
31 December 2012 Plot is not a residential house.
.
Correct section for getting exemption from capital gains arising on sale of plot is Section 54F.
.
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