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Capital gain tax

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(Querist)
26 June 2012 can anybody help me ;
mr X sold a site(land)in fy 2010-11.entire capital gain invested in flat purchase(only partial amt met) and he got exemption. In fy 2011-12, he sold another site(land) and now he intending to invest capital gain in same flat to met balance amt. whether he could get exemption on capital gain on second site sale?
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Soumitra Basu

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Soumitra Basu (Expert)
27 June 2012 Yes he will be entitle to invest in residential house for exempting the capital gain from sale of land.
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