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Capital gain
My Assessee has arise capital gain of Rs 10 lac on sale of house property he is already owner of 3 residental houses now can he purchase one more house residential property to exemt capital gain or where to invest for exemption of capital gain
Replies (2)
Yes, he may invest in another property or buy infra bonds.
there is no limit to no. of house properties owned so exemption can be claimed u/s 54.
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