X has bought one house property in 2015-16,
this property was dismantled and sold as a plot of land in 2019-20.Whether this sale eligible for exemption under section 54F?
And under what sections residential property and commercial property are defined as per IT act.
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Whether eligible as exemption under capital gains
Replies (2)
Quick Summary
Check section 54 and 54F
Yes, exemption u/s. 54F can be claimed.
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