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Capital gain u/s 54

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(Querist)
15 September 2014 My father owns 2 Residential Flats. Now we want to sale 1 Flat for Rs.15,00,000/- and to invest sale proceeds in the new flat for Rs.20,00,000/-

Can we claim any Exemption??? under which section?

Both Residential Flats were purchased 10 years ago.
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CS,CA F,Numrologi TusharSampat

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CS,CA F,Numrologi TusharSampat (Expert)
15 September 2014 yes allowed but u/s 54 just invest within the time limit mentioned therein

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