If a residental house property held in the name of the individual is sold and the long term capital gain arising out of the same is utilised for construction of another residential house property on the plot belonging to the spouse, can the exemption under section 54 be availed.
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Capital gains exemption
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| Originally posted by : Ramesh | ||
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Hi Upto my kowledge Yes as it requires only investment in same nature for availing exemption...SORRY if i was wrong |
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