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Long term capital gain u/s 54

This query is : Resolved 

20 January 2015 One our Customer to Sold out the Property House (Purchase in F.y.04/05 -Rs.250000) Rs. 785000 in oct. 2013 and purchase a new house in Sept.2014. He can avail the benefit of U/s 54. He is not invested in Capital Gain Scheme before income Tax due date Return...now what procedure the rebate u/s 54.

20 January 2015 it was purchased within 2 year from the date of transfer so is eligible for sec 54 benefit.

20 January 2015 Sir But not invest in Capital Gain Scheme..before Income Tax Due Date Return...


20 January 2015 then you have to pay the tax on gain .



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