CAPITAL GAINS TAX

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  1. I have purchased residential property in 2004 and given for development into residential apartments in 2013 and the construction will be completed by february 2015 .Let me know whether I can invest the sale proceeds of the flats for acquiring residential property by claiming exemption of capital gains under section 54 or 54F .I do not own any residential house or flat on my name.
     
  2. rudrabose

    rudrabose Active Member

    Yes, you can claim benefits of exemption udner section 54 and section 54F in this case by investing in Residential properties.
     
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