Hi All,
My mother sold 3 property worth 97 lakh and have bought property against that money.
Do I get any income notice for that. Everything is clear in transactions.
FILE RETURN FOR THE CAPITAL GAINS AND DEDUCTION CLAIMED UNDER SEC. 54/54F OF IT ACT; YOU MAY NOT GET QUERY.
if sold each property under 50 lakhs no TDS and purchased against that means a capital gain is utilized.
so why worry.
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