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capital gain

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(Querist)
13 November 2010 if agricultural land is sold & proceeds is utilised for purchase of flat.Is capital gain will attract that too according to which section.
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Aditya Maheshwari

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Aditya Maheshwari (Expert)
13 November 2010 if residential flat purhcased then gain from sale of urban land will be exempt u/s 54F.

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