If someone sale the house built on his abadi land, then how can he save tax on the amount received from it?
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House hold property
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By purchase of any house property as specified u/s. 54 of IT act....
Or by purchase of capital gains bond as specified u/s. 54EC of the act..
Will the money spent to build that house be exempt?
Money spent to build any new house property will exempt the LTCG of the present house sold.
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