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Exemption u/s 54f

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(Querist)
21 December 2015 Dear experts
please spare your valuable time and guide us

the assessee has sold two plot ( long term) and invested the money in buying one new residential house property. can he claim exemption u/s 54F for sale of two plots.

thanks in advance
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Rupesh Jain

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Rupesh Jain (Expert)
21 December 2015 if you use all sales consideration for buying the new house then no problem.

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