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ITAT Clarifies Section 54F: Owning Multiple Houses Blocks Capital Gains Exemption
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ITAT Clarifies Section 54F: Owning Multiple Houses Blocks Capital Gains Exemption

ITAT rules that owning multiple residential houses disqualifies Section 54F exemption. Strict interpretation of “one residential house” impacts capital gains tax planning.

Section 54F ITAT ruling capital gains tax income tax judgments property tax India multiple houses tax exemption one residential house rule redevelopment property tax joint ownership income tax tax planning India Income Tax Act 1961
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