income tax

bishan singh negi (service) (104 Points)

21 July 2008  

HI, FORUM

COULD U PLEASE HELP ME IN UNDERMENTION CAPITAL GAIN.

Purchases dated Amount
Residential flat 24.04.03 800000 eight lac only
stamp duly 104000
total 904000
sales 04.12.2007 1500000 fifteen lac
purchase flat 29.10.07 1260000
stamp duly 75600
total 1335600
whether capital gain will be qualify for exemption u/s 54