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Sec 54 Exemption CG

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(Querist)
29 December 2008 If i sold my RH fot Rs.20 lacs and after 1 year i purchased a RH for Rs.12 lacs and i constructed another independent floor in that RH for Rs.8 lacs. Can i get exemption of 20 lacs for both purchase and construct.
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Taxguy

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Taxguy (Expert)
29 December 2008 Yes you can

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