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Exemption u/s 54

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Querist : Anonymous

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Querist : Anonymous (Querist)
02 December 2015 Sir,
If the person have three residential houses. He can sell one residential house. And he purchase another residential house .He can claim the exemtion of section 54 against this capital gain?
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Nikhil Kaushik

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Nikhil Kaushik (Expert)
02 December 2015 yes. he shall be eligible for the exemption...

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