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54 exemption

Vijay Mohan (359 Points)

05 December 2020  
if sale proceeds of agricultural land can be used for extension of my old house shall I get exemption under sec 54

 1 Replies

shivani (student) (204 Points)
Replied 08 December 2020

Sale of agricultural land is exempt from capital gain...so there's no question of exemption of income !! as per my opine
1 Like

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