Capital gain

This query is : Resolved 

12 April 2012 Can a long term capital gain amount can be invested in two property on sale of one property

13 April 2012 If you are not owning any house as on the date of sale U/S 54 F investment in one house is allowed. If the house purchased is a flat than two flats in the same building will constitute an House and it will be allowed as deduction U/S 54F



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