Ltcg on agricultural land - section 54f

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An assesseee wants to sell his Agricultural Land situated in an urban zone bought in year 2003 & want's to invest the Long term Capital Gains arising therefrom in buying flat in an underconstuction building. He has no residential property in his name.

Can he claim exemption u/s 54F?

Replies (2)

Yes he can calim deduction u/s 54F

Thanks!

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