Question And Answer | |
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Subject: | Sec 54F, capital gain, investment in residential house |
Category: | Income-Tax |
Querist: | Rajendra P Shah |
Answered by: | Mr . H. N. Motiwalla |
Tags: | 54F, capital gain, investment in residential house, Section 54F deduction |
Date: | September 28, 2024 |
Sir,
Assessee an individual sold shares and earned long term capital gains (AY 2024-25). Invested in two adjoining flats by two seperate agreements, making two flats as one. Whether can claim exemption u/s 54F – refer word ONE residential house in Sec 54F.
Please provide supportive case laws
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