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Purchase of land and construction of house tax exemption
There is a sale of residential house property in June 2022..Investing the gains in CGAS now..in future can we purchase a plot and then construct a residential house with in three years to claim the exemption? Cost of land will also be considered for tax exemption?
Replies (3)
Yes, three years from the date of sell of the HP, here June 2022.
Yes.
Thank You Sir for valuable reply
Most welcome.
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