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exemption under sec 54F

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Querist : Anonymous

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Querist : Anonymous (Querist)
15 March 2010

Client have already 1 house.

if client want to purchase 2 more house then client can purchase or not?
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Aditya Maheshwari

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Aditya Maheshwari (Expert)
16 March 2010 If the assessee owns more than one residential house, other than the new asset, on the date of transfer of the original asset on which LTC gains attract then no exemption allowable.

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