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Messages - Divyesh Chhatbar

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Discussion / Exemption u/s 54
April 09, 2011, 11:45:54 AM
One of my client sold a residential house in Mumbai for Rs. 80 lacs and generated LTCG of Rs. 40 lacs. He invested LTCG of Rs. 40 lacs in two residential houses, one in Mumbai and other in Pune. Whether entire LTCG of Rs. 40 lacs would be exempted u/s 54?
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