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Capital gain
my mother sold a plot and we got rs 10 lakh and we deposit capital gain saving account After one year we have to use that amount in construction of resisdental house .. The both land and house is of my mother ..Can u tell we can get exemption in 54 F and also what about the interest is charged on thar account is taxable or not?????
Replies (1)
1. Yes, she can avail sec. 54F exemption, for aquiring house proprety, subject to conditions as per the section.
2. Taxable u/h. 'IFOS'
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