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Peeyush Bansal (Manager)     09 April 2012

Tax liability out of sale of under construction property

Dear Sir,

I have a query on sale of under construction flat, which I booked in April 2010.

I am planning to sell this flat and after clearing bank home loan, want to invest the remaining amount in another property which will be again under construction only.

I don't have any clarity on tax liability in above situation....and will be very helpfull for me if you can give a view on the same.


Thanks & Regards

Peeyush Bansal



Learning

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