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Exchange of property

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(Querist)
06 January 2015 If we sell the property and if the amount received on such transaction is 100% used for purchasing some other property. Whether any tax liability will arrive on seller
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CA Kumar Mukesh

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CA Kumar Mukesh (Expert)
07 January 2015 for deduction from capital gains you need to read all provisions of section 54 of Income Tax Act.

Note: If you mentioned type of property sold and type of property purchased then only appropriate opinion can given

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