Hi, I purchased a land in '99. A part of the land was sold in Feb'21 & the rest in Oct'21. The gain from the first part hasn't been put in Gain Scheme Account as of Jan'22. How can I utilise gains from the entire land to purchase a new property & claim exemption? Thanks
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Capital Gain Exemption from property sale
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You can utilize the gain and purchase a house property within six months of the initial sale.
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