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Capital Gains Utilisation

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(Querist)
19 July 2022 Land owned jointly by husband & wife sell this property. They are co-owners of another two flats at the time of sale of land. The capital gains received from sale of land can it be utilised to buy a residential unit individually.
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
19 July 2022 Already they own two houses hence this exemption not available.

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