exempiton U/s 54
This query is : Resolved
15 September 2009
Is there any lock in period for investing in capital gain accounts scheme 1988, for claiming exepmtion U/s 54. If I do not intend to purchase a new house in future.
15 September 2009
there is a lock in of 3 years..later it will be taxed if you dont invest the proceeds in purchasing a new house.
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