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Sale of House Property and Purchased Land - Not doing any construction

Tax planning 382 views 1 replies

Hello,

One of our known person have sold the very old house property and purchase a land in a layout and they do not have any plans for construction.

How to save tax now. I there any compulsion to purchase house property only or construct in 3 Years 

Replies (1)
Construction of new house property after this sale of house property can provide you exemption.


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