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ACQUISITION ON SALE OF ANCESTRAL PROPERTY

This query is : Resolved 
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(Querist)
29 August 2009 DEAR SIR/ MADAM

A VACANT LAND RECEIVED FROM FATHER IF SON WAS SOLD THIS VACANT SITE HE IS LIABLE FOR ACQUISITION EXEMPTION. THANKS IN ADVANCE
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CA CHINTAN AJMERA

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CA CHINTAN AJMERA (Expert)
29 August 2009 No, he can't get acquisition exemption.

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