section 54

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  1. vijay kanchangire

    vijay kanchangire New Member

    I had three residential properties . Sold one of them in Aug 2015. Would like to know that capital gain from sale proceeds is exempted from capital gain tax under section 54 if I can buy a new residential property? I am planning to buy a new one in this month. Value of new property is higher than capital gain received . Pls confirm.
     
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