Long Term Capital Gain

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SACHIN (Querist)
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29 May 2009 i am an accoutant.
i have one individual file.
In this file One House Hold property to buy in 1994. Rs. 250000. It is sold this year 2009. How Many years to Buy new house hold property for saving not to pay Long Term Capital Gain. also this topic for know about 1) 2009 Indextion. 2) How many Long Term capital Gain this A.y. 10/11.

CA.BHARAT BHUSHAN

CA.BHARAT BHUSHAN (Expert)
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31 May 2009 You have to purchase New Residential House from 2 years from the date of transfer or to complete construction within 3 years from transfer.

Lond Term Capital gain for A.Y.09-10 is 20%