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Sale of residential property

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Querist : Anonymous

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Querist : Anonymous (Querist)
10 June 2018 my mother is senior citizen having a residencial property. if she sell the same property and invest the total sale amount in her name and not purchasing any other property. then is there any tax liability. for how much time she can invest property.
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Nikhil Kaushik

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Nikhil Kaushik (Expert)
10 June 2018 invest in her name, but where?
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Querist : Anonymous

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Querist : Anonymous (Querist)
10 June 2018 in Mutual Funds or Bank Fixed Deposits.
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Nikhil Kaushik

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Nikhil Kaushik (Expert)
11 June 2018 you won't get any deduction for such investments. You can consider investing in bonds under section 54EC

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