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Section 54g
IN SECTION 54G
THE CODITION FOR CLAIMINFG EXAENMPTION
THE CAPITAL GAIN IS UTILISED WITHIN 1 YEAR BEFORE OR
3 YEARS AFTER THE DATE OF TRANSFER FOR THE SPECICIFIC PURPOSE..
I GOT 2ND CONDITION THAT IS 3 YEAR BEFORE BUT WHAT IT MEANS "1 YEAR BEFORE" ???
Replies (2)
1yr before means, if some money spent on house property before sale of asset
E.g.suppose A purchased a new house 4dec.2012 and after some month A sale the house on 5oct,2013
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