18 March 2014
1) Can an individual avail exemption under sec 54B & 54F together and 2) Can we take benefit of purchase of agricultural land from any capital gain tax
19 March 2014
1) If the underlying asset is land situated in the areas specified in section 2(14)(a) or (b), then section 54B and or 54F can be availed at the choice of the assessee.
2) No, except from the gain arises from the transfer of land specified in section 2(14) (a) or (b).
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