Whether Benefit Of Section 54F Is Available If Invested In One Residential House By Selling Two Properties?
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One response to “Whether Benefit Of Section 54F Is Available If Invested In One Residential House By Selling Two Properties?”
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I own two vacant residential lands in different localities of Bangalore and am in the process of selling both of them. Can I avail exemption from Capital Gains Tax if I invest the Combined Net Consideration from both the plots in a house property within the specified time limit? If yes, when does the time start; from the sale of first property or the second one? I already own a house property in the city. Are there any case laws dealing with this issue?
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