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Sale of house property or residential plot.

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(Querist)
04 December 2012 sir/madam.

with respect to sale of residential plot,and using such income earned as investment in lease hold deposit on an residential house, shall such income be liable under capital gains.or can such kind of investment can be subjected to exemption.
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Amol S Joglekar

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Amol S Joglekar (Expert)
04 December 2012 Not clear in your question.... Sale of plot falls under capital gain.
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