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Exemptions under income tax

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Querist : Anonymous

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Querist : Anonymous (Querist)
24 August 2011 Can a Individual claim exemption of sale of Residentail house and purchased commercial house.
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CA Ashwani Agarwal

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CA Ashwani Agarwal (Expert)
24 August 2011 No, the house purchased should be a residential House even though you can put the same on rent.

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