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exemption under section54/54f

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(Querist)
13 July 2010 i have sold a urban land and purchase another one can i get exemption under section 54 f.i just purchased a land and not wanted to build any house on it
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CMA. Dinesh S Adhikari, ACMA

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CMA. Dinesh S Adhikari, ACMA (Expert)
13 July 2010 No, because 54F requires investment in a residential house.

regards!!!

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