If I register a land this year for Rs. 20 lakhs and sell it withing 2-3 months for Rs. 1 crore, and use that 1 crore to purcase a flat worth Rs. 2 crore (I do now own any other flat). Can the capital gains be set off against buying the house?
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Capital Gains set off on Sale of Land if held for less than a year and proceeds reinvested in flat?
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