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Capital Gains
Can an individual resident assessee having 2 commercial property solds in a gap of 100 days and invest the entire sales proceeds in buying a new residential house which costs more than sales proceeds received. The new house is purchase within six months from the sale of 2nd commercial property.
Replies (2)
Yes......... Provided both the commercial properties were sold in same financial year........... Provided the assessee eligible for deduction u/s. 54F............. Provided the new house purchased before filing the return of the capital gains..........
Yes available
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