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Capital Gain Arising From The Transfer Of Residential House Property - Sec. 54

Income Tax - Capital Gains - Specific Exemptions - 01 - Section 54: CAPITAL GAIN ARISING FROM THE TRANSFER OF RESIDENTIAL HOUSE PROPERTY NATURE Transfer of residential house, the income of which is chargeable under the head 'income from house pro .....

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words, capital gains shall be exempt to the extent it is invested in the purchase and/or construction of another house. CONDITIONS The capital gains arising from such residential house property transferred is reinvestment in one residential house pr .....

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