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SEC 54 F

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Guest

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Guest (Querist)
07 June 2009 SUPPOSE I HAVE 2 JEWEELARY SET WHICH I PURCHASED ON DIIFERENT YEAR AND ALSO I SOLD THEM IN DIIFERENT DATE BUT OF THE SAME P.Y.
TO GET FULL EXEMTION US 54F I PUCHASED A RESIDENTIAL HOUSE WHOSE COST IS EQUAL TO THE FULL VALUE CONSIDERATION OF BOTH JEWELLARY SET, SO WILL I GOT EXEMPTION FOR THE JEWEELARY SETS OR IT WILL ATTRIBUTABLE TO A SINGLE JEWEELARY SET?
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CA Sanjeev Kr Jain

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CA Sanjeev Kr Jain (Expert)
08 June 2009 if gain from both sets are LTCG than no problem
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Ratan Sharma

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Ratan Sharma (Expert)
08 June 2009 you will be entitled for deduction.
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CA RAMESH KUMAR AHUJA

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CA RAMESH KUMAR AHUJA (Expert)
08 June 2009 Agree with the experts

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