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Exemption u/s 54f

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Querist : Anonymous

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Querist : Anonymous (Querist)
20 February 2012 Case-1: I Have 3 Residential i sold 1 Long term fixed asset and i purchased another Residential House . will exemption U/s 54F apply?
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Bhaskaran Chackrapani Warrier

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Bhaskaran Chackrapani Warrier (Expert)
20 February 2012 Absolutely no.
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Guest

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Guest (Expert)
20 February 2012 Since you have more than 1 house, exemption will not be available.
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