A deduction can be claimed against the LTCG arising from sale of residential land in case the net sales consideration is re-invested by the assessee for purchase of residential house property in India within the prescribed time limits and subject to fulfilment of other specified conditions.
A deduction can be claimed against the LTCG arising from sale of residential land in case the net sales consideration is re-invested by the assessee for purchase of residential house property in India within the prescribed time limits and subject to fulfilment of other specified conditions.
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