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
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Sold of house
Replies (1)
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 .
please refer section 54 of the Income tax act .
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