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Section 54F

Querist : Anonymous (Querist) 10 November 2010 This query is : Resolved 
I understand that money from sell of unlisted shares, if invested in buying a flat/home, capital gain tax is totally exmpted. Pl. advive the period with in which the sell proceeds are to be invested for buying the flat ?
s.subramanian (Expert) 10 November 2010
Two years.
Raj Kumar Makkad (Expert) 10 November 2010
2 yrs.
A V Vishal (Expert) 10 November 2010
Within a period of 1 year before or 2 Years after the date of transfer, a residential house should be purchased or
constructed within a period of 3 years after the date of transfer.
Kirti Kar Tripathi (Expert) 11 November 2010
i agree with Vishal
soumitra basu (Expert) 16 November 2010
I agree with Mr. Vishal


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