Re:sale of property

R.BALA (Querist) 19 August 2012 This query is : Resolved
I have a property in mira road,it was bought in 1989 mumbai I want to sell it the proceeds of the sale can be kept for how long or is it necessary to buy alternate property or invest in bonds immediately. what are the tax implications.

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Devajyoti Barman (Expert) 19 August 2012
What is your actual query? You can do whatever you want with the sale proceeds.

R.BALA (Querist) 19 August 2012
need to know if i can keepmthe proceeds as liquid cash or should i invest in propert immediately ? How will it affect my income tax.?

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