capital gain exemption

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Hello,
I sold a property this year in February.

I created fixed deposit of the amount received.

Now, I am planning to buy another residential property next month.

Can I make the payment for the proposed property from another fixed deposit that matured this year and get capital gain exemption for sale of my earlier property.

Thanks
Replies (2)
yes you can there's no bar

Yes, provided you have utilized the capital gain amount in purchase of new house property before filing return for AY 2019-20. Source of investment is immaterial.


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