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Implications on Purchase and Sale of Residential Property in same Financial Year

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SIDDHARTH MAHESHKUMAR SHAH

SIDDHARTH MAHESHKUMAR SHAH (Querist)
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08 September 2025 If one residential property is Purchased on 29-May-2024 and another residential property sold on 18-Mar-25(both residential property owner is same). i.e. both transactions are in same financial year.

please suggest what will be the income tax implications.

Thanx

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)
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08 September 2025 LTCG on sale of second HP can be exempted u/s. 54 IT act, against purchase of first HP.

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)
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20 September 2025 Good Luck..

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