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Exemption u/s 54

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(Querist)
20 April 2013 Mr. A and mr B jointly owned a house and sold the same for 50lacs. Futher MR A invest his share (25lacs) in new residential house..
is he eligible for exemption u/s 54?


thanks in advance
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CA Vikas Acharya

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CA Vikas Acharya (Expert)
20 April 2013 yes only upto his share of captial gain will be exempted.

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