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Income through sell of land via Power of attorney.

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(Querist)
06 March 2024 Hi

I have sold a land for 72 lakhs by POA. How to show it in ITR. Can get tax exemption on the LTGG if I invest the money in purchase of new flat?

Thanks
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
06 March 2024 Show it as long term capital gains and claim exemption under section 54F for purchase of new flat.

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