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Capital gain

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(Querist)
30 July 2013 Mr. A residing in his home since 1985, in 2010 he demolish his whole house and reconstruct the same...

now he sold his reconstructed house in 2012.

please tell about the nature of gain (long term/ short term)?
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Aashish Tiwari

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Aashish Tiwari (Expert)
30 July 2013 Long term.. It denotes date of "acquisition" is more than 36 month.

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