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You just sold a piece of land. Or shares. Or a commercial property. The capital gain is large - maybe fifty lakhs, maybe a crore or more. And now someone has told you that if you buy or build a house, you may not have to pay tax on any of it. You are not sure if that is too good to be true. It is not. That is exactly what Section 54F does. Every year, thousands of taxpayers in India sit across from their CA with this exact situation. A significant long-term capital gain, a ta