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capital gain on sale of house
by MURALIDHARAN NAIR on Apr 16, 2010 04:31 PM   Permalink | Hide replies

I have a net Long Term capital gain of Rs. 15 lacs from sale of old property. Out of this I have invested Rs. 10 lacs in purchase of one flat. Can I avoid payment of LTCG Tax on the remaining Rs. 5 lacs by investing the same in another property within the stipulated time period ?

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Your home and capital gains