Inheritance property land received by the person through flats
He sold flats
Can he claim exemption under section 54, either construction of building within 3 years or purchasing land/ building within 2 years from the sale date
In such cases, there arises 2 types of capital gains. One long term for land transaction. While another the sale of the flat received from the builder. First one will be long term in your case and hence you will be able to invest in one house property u/s. 54F, subject to fulfillment of its condition/s.
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