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Give the figures as:
Flat purchased in 2002-03: for Rs...........
Flat sold in 2016-17 for Rs.: 17,50,000/-
So that capital gain can be evaluated.....
LTCG ..... 8.70 L
Tax liability at 20.6%....... Rs. 1,80,000/-
WITHIN 2 MONTHS WE PURCHASE 1750000
THAN
If you purchase any house property within 2 months....... No tax liability...
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