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long term capital gain

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(Querist)
26 November 2008 the assessee has sold gold ornaments and invest that amount in residential property, so it accour capital gain or exampted
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CA.ViVeK M ACA

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CA.ViVeK M ACA (Expert)
26 November 2008 Capital gain would be get excempted u/s 54 F.
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CA Tilak Raj Sharma

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CA Tilak Raj Sharma (Expert)
26 November 2008 Exempted u/s 54F.
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CA RAMESH KUMAR AHUJA

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CA RAMESH KUMAR AHUJA (Expert)
26 November 2008 Exemption u/s 54F may be claimed subject to other conditions contained in the section.

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