TMI BlogEligibility for Exemption on Long-Term Capital Gains Confirmed: Investment in New Home Qualifies u/s 54F.LTCG - eligibility or claim of exemption of u/s. 54F - As per AO new asset cannot be considered as acquired within 02 years of transfer of original asset - Since the assessee has invested the entire sale proceeds for the purchase of new house within three months of sale of the old house, the assessee is eligible for claim of exemption of u/s. 54F. - AT ..... X X X X Extracts X X X X X X X X Extracts X X X X
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