CAP GAINS - 54F
This query is : Resolved
08 May 2021
ASSESEE HAS SOLD A LAND AND IS LIABLE FOR CAPITAL GAINS. CAN HE CLAIM EXEMPTION U/S 54F BY CONSTRUCTING A SINGLE APARTMENT WHICH WILL HAVE 5 FLATS IN IT AND WHICH WILL BE LET OUT FOR RESIDENTIAL PURPOSE. PLEASE GUIDE
08 May 2021
Construction of single house is allowed not 5 flats.
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