Section 54

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Querist : Anonymous (Querist)
21 November 2013 is it important that to avail the exemption of section 54, the assessee should own no other residential property other than that sold??

21 November 2013 No there is no such condition to avail the exemption u/s 54

21 November 2013 agreed with Jatin bhai. Such condition is not applicable for Section 54. However, under 54F such condition will apply.




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