Capital gain exemption u/s 54f
This query is : Resolved
05 February 2015
Father sells urban agricultural land to builder in Ay 2011-12 and invests in only son name in rural agriculral land as per agrement of 2007 when same land was outside 8 km limit, at that time rural agricultral land. Can he claim exemption u/s 54f
11 February 2015
No, that can not be done. 54F exemption is very specific.
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