Can a taxpayer claim capital gain exemption under Section 54B for the cost of purchasing two agricultural lands on sale of one agricultural land?
Vinita Kedia (1 Points)
27 March 2023Can a taxpayer claim capital gain exemption under Section 54B for the cost of purchasing two agricultural lands on sale of one agricultural land?
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(160332 Points)
Replied 27 March 2023
Any case-law on the subject is not known, but prima facia the exemption can be claimed.
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