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capital gains
Can a person adjust the sale proceeds of a long term capital asset to the loan availed for purchase of another asset bought on a date before the sale of the long term capital asset and avoid long term capital gains?
Replies (3)
to avail benefits under section 54 and 54f, you have to either purchase within one year before the date of sale or construct within three years from the date of sale, one residential property. so in your case, it can be done
Thank you for the reply
welcome mr. a k sure
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