capital gains- sec 54f

This query is : Resolved 

04 November 2008 will i be eligible for exemption under sec54f, if i already own a residential property?? what is the time limit to invest after transfer?

05 November 2008 Yes
The amount is to be invested in new property within one year before or two years after the transfer to buy a builtup house or three years after if it is to be constructed



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