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Capital gain
by Guest on Oct 05, 2008 03:18 PM

I am expecting a capital gain of Rs. 9.0 Lacs after selling my residential plot.Can I immediately use this whole money(9 Lacs)for buying another residential plot in a different city and later on withen the stipulated period of 3 years if I construct a house on this land from my own money,will I be able to get complete tax exemption on the capilal gains of Rs. 9.0 Lacs?

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