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Capital gain account scheme provision
Dear Experts, I have a capital gain of rs 25lk from a plot sold in aug 16, already have 2 houses since 2010, my query is can i avail capital gain exemption by depositing into capital gain account scheme and purchase another house property within 3 years? if answer is yes then till when i can deposit under CGAS? Thanks
Replies (2)
no you can't purchase residential property to avail capital gain deduction instead go for deposit in NHAI bonds and NREC bonds
But Plot sold in Aug 16, can i deposit now in NHAI or REC?
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