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Long term capital gain tax

This query is : Resolved 

22 March 2014 sir, i have purchased property on 1.4.12 and


i have also sold other property on 1.10.13 which was purchased before 3 years now iwant to know whether the property amount is taxable or exempted under section 54 for transfer of house property before one year or after two year.

22 March 2014 It cannot be exempted u/s 54 as the date of property purchased exceeds falls before one year time limit.



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