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Capital gain on sale of land .. pls help.

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(Querist)
22 May 2015 One of our client sold a land (not agri) in PY and he constructed a residential house immediately in one of his land which he already owned. Is he eligible for exemption u/s 54F ?
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CA ANILKUMAR B.COM ACA DISA

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CA ANILKUMAR B.COM ACA DISA (Querist)
23 May 2015 Yes eligible provided other conditions are satisfied. Pls read the section.

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