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capital gain amount can be used for renovation of residential house
whether capital gain income can be used for renovation of residential house
Replies (3)
No deduction can be availed in renovation of house; and It can be used for any purpose after payment of taxes!!
In continuation to above query to save tax on capital gain income can be used for renovation of residential house. The residential house and capita gain earned are of different properly. This capital gain income can be used for renovation of residential house to avoid tax on capital gain income.
No
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