MR.A has sold an house for an amount of Rs.60,00,000/- 25-04-2014, and has purchased two flats in different places in the name of Mr.A. Please advice whether he is eligible for benefit u/s 54 for both the flats for calculation of capital gain or not.
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Capital gains
Replies (2)
no, only one flat is eligible.
which is more beneficial to you
no, he can claim exemption of any one of the flats purchased.
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