Exemption from short term capital gain

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Querist : Anonymous

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Querist : Anonymous (Querist)
28 December 2012 i have sold a plot and short term capital gain generated and a new plot purchase, but new plot is purchsed before sold of old plot,
can i claim exemption from short term capital gain?if yes then pls provide me solution with section....

28 December 2012 As per my understanding of the subject I dont think you will be able to claim exemption for the same.



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