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Capital Gain of one plot being used for construction of another plot., Income Tax

Issue Id: - 108750
Dated: 15-6-2015
By:- rajesh agrawal

Capital Gain of one plot being used for construction of another plot.


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Hello everyone,

A Plot has been sold in the name of husband . In the same year construction is to be done on another plot which is in the name of wife. Can the capital gain in the name of husband be used for the construction of plot in the name of wife, to save tax ?

Thanks in advance

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