Is it necessary to invest in new property to avail capital gains exemption or one can invest in old property also to avail the same?
Narayanan Nagarajan (Retired) (14 Points)
27 October 2022Is it necessary to invest in new property to avail capital gains exemption or one can invest in old property also to avail the same?
Narayanan Nagarajan
(Retired)
(14 Points)
Replied 28 October 2022
Not clear.
It is not specified in Section 54 that the property should be new.
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