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Capital Gain on sales of Urban land Capital Assets

Tax queries 320 views 3 replies

whether exemption u/s 54B (by purchasing an agricultural land) would be available in capital gain arising from sale of Urban Land(not Agricultural land) means Plot sale. 

Pl hlep

Replies (3)

No.

Only u/s. 54F &/or sec. 54EC of the act...

Agricultural land has different issues.

Thanks to Rambhia ji and Mukherjee ji


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