Capital gain section 54f

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Querist : Anonymous

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Querist : Anonymous (Querist)
27 February 2012 I HAVE SOLD 2 DIFFERENT PLOT(LAND)AND INVESTED THE SALE PROCEEDS IN A SINGLE RESIDENTIAL PROPERTY
WHETHER CAN I CLAIM THE GAIN OF BOTH OF THE LAND SOLD.
KINDLY PROVIDE ANY SUPPORTING CASE LAW ALSO IF POSSIBLE.

27 February 2012 exemption is allowed as the gain is required to be deposited into a residential house.

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Querist : Anonymous

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Querist : Anonymous (Querist)
02 March 2012 THANKS
BUT I SHALL BE GREATFULL IF YOU PROVIDE ANY CASE LAW..




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