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Long Term Capital Gain U/s 54F

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16 November 2019 Long term Assets of 3 Properties were sold by an Individual the whole Net Consideration was invested in Construction of Residential building. Whether exemption can be claimed U/s 54F of Income Tax Act. Is there any restriction for number of properties sold Other than House Property and invested in one residential Property.

04 June 2020 Yes..................there is no restriction regarding numbers of property sold.



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