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Capital gain exemption
meaning of sec 54 I.e. one year before or two year later is not comprehensible . plz clear it.
Replies (2)
Time period for purchase of new house property may be (to avail exemption u/s. 54)
A) Before sell of the old house property........... upto 1 year before
B) After sell of old house property............. maximum upto 2 years after......
Thanks. Actually I have just seen one example in book . now it is clear. Thanks for ur reply also.
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