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capital gain for sale of house property
by surendramohan arora on Oct 11, 2009 06:31 PM

I purchased a plot in 1973 for rs. 2 lac and invested rs. 3 lac more on construction of house. Now I have sold the house for Rs. 25 lacs. Now I want to purchase another plot for Rs 25 lac. what will be the capital gain. Is there any reporting to income tax department.

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