my Client sold house the long term capital gain should pay compulsory if client not purchase other property
if not purchase than any time for purchase new property
As per section 54 of the Income tax act , he can purchase new house if he is individual , within period of 2 Year's from the date of transfer , until then you can invest in Capital Gain account for a specified period , and show in ITR .
please refer section 54 of the Income tax act .
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