Question And Answer
Subject: Sec 54F, capital gain, investment in residential house
Category: 
Querist: Rajendra P Shah
Answered by:
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Date: September 28, 2024
Query asked by Rajendra P Shah

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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