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Long term capital gain

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Querist : Anonymous

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Querist : Anonymous (Querist)
13 October 2014 CAN LONG TERM CAPITAL GAIN OUT OF SALE OF PROPERTY BE INVESTED IN TWO DIFFERENT FLATS IN DIFFERENT LOCATION TO SAVE CAPITAL GAIN TAX.
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VShree Dr. VIKAS SINGH

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VShree Dr. VIKAS SINGH (Expert)
13 October 2014 Yes
One can do multiple investments
Place doesn't matter
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Nikhil Kaushik

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Nikhil Kaushik (Expert)
13 October 2014 Dear Vikas,

Kindly refer to amendments made to section 54 and 54F with effect from AY 2015-16.
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Nikhil Kaushik

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Nikhil Kaushik (Expert)
13 October 2014 dear querist,

after amendments to section 54 and 54F of the Income-tax Act, 1961, wef AY 2015-16, you cannot invest in multiple houses.
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VShree Dr. VIKAS SINGH

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VShree Dr. VIKAS SINGH (Expert)
13 October 2014 Thanks Nikhil Ji
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