Exchange of property

This query is : Resolved 

06 January 2015 If we sell the property and if the amount received on such transaction is 100% used for purchasing some other property. Whether any tax liability will arrive on seller

07 January 2015 for deduction from capital gains you need to read all provisions of section 54 of Income Tax Act.

Note: If you mentioned type of property sold and type of property purchased then only appropriate opinion can given


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