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    <title>exemption under section 54</title>
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    <description>Capital gains exemption is available to an HUF only when the replacement residential property is acquired in the name of the HUF; the Karta may execute transfer documents on behalf of the HUF. The HUF may purchase more than one residential property out of the capital gains and claim exemption for those properties, provided title is vested in the HUF.</description>
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      <title>exemption under section 54</title>
      <link>https://www.taxtmi.com/forum/issue?id=4720</link>
      <description>Capital gains exemption is available to an HUF only when the replacement residential property is acquired in the name of the HUF; the Karta may execute transfer documents on behalf of the HUF. The HUF may purchase more than one residential property out of the capital gains and claim exemption for those properties, provided title is vested in the HUF.</description>
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