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Capital gain section 54f

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Querist : Anonymous

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Querist : Anonymous (Querist)
27 February 2012 I HAVE SOLD 2 DIFFERENT PLOT(LAND)AND INVESTED THE SALE PROCEEDS IN A SINGLE RESIDENTIAL PROPERTY
WHETHER CAN I CLAIM THE GAIN OF BOTH OF THE LAND SOLD.
KINDLY PROVIDE ANY SUPPORTING CASE LAW ALSO IF POSSIBLE.
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CA. Hari Kishan

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CA. Hari Kishan (Expert)
27 February 2012 exemption is allowed as the gain is required to be deposited into a residential house.
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Querist : Anonymous

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Querist : Anonymous (Querist)
02 March 2012 THANKS
BUT I SHALL BE GREATFULL IF YOU PROVIDE ANY CASE LAW..
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