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Selling and buying a House captial gains
by Vimala on Jul 03, 2010 07:39 PM

Hello,
I have sold a property @29lakhs given by my father as gift deed on Jun 2010. Now I have given used this amount to purchase a new flat @35 lakhs on June 2010 and taken a loan of 15 lakhs. Will there be nay captial gain.

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Your home and capital gains