Exemption on captial gain
Querist : Anonymous
Sold Property on 25/09/2009 for 50Lacs on which capital gain was 10Lacs
Purchase new property on 01/02/2010 of 25Lacs
Sold another property on 31/12/2010 of 60Lacs on which capital gain was 15Lacs
I am taking exemption of 10Lacs as i purchased property on 01/02/2010 for 25Lacs which is more than my Capital Gain.
Now can i take exemption of 15Lacs as purchase of HP before one year of sale is also eligible for exemption & i have not utilised full Purchase value of HP
Querist : Anonymous
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