Can one take benefit under section 54F by investing LTCG from sale of Land by buying two Residential properties where the assessee does not own any Residential property till now.
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Exception for LTCG under Sect 54F
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54f allows only one house. hence you have to only purchase one house.
in case u r purchasing flat, you may purchase two adjoining flats and break the wall to create a single big flat. in such case you can claim 54f
in case u r purchasing flat, you may purchase two adjoining flats and break the wall to create a single big flat. in such case you can claim 54f
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