Capital gain

This query is : Resolved

Ramachandra Reddy (Querist)
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30 July 2018 Sir
One person has 2 flats and one site.
The site was sold by him.
So can he claim exemption u/s 54F to purchase or construct newhouse within 2 years.

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)
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30 July 2018 No, because the person owns > one flat at the time of plot sales

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