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If the expense of The brand new asset procured is greater compared to capital gains, then it is obvious that there will be no cash gains as the complete cash gains will likely be exempted. On the other hand, if the new home is offered in just three a long time, then cost of The brand new property are going to be computed as follows:
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I live in Ratchaburi I feel Ratchaburi is admittedly awesome put to invest number of times just to hold out or visit the famous floating industry which happens to be only 20km within the town the bat cave and few other caves you actually can go in and explore a tiny bit.
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Under Portion fifty four the IncomeTax Act, a person or HUF offering a household property can avail tax exemptions from Cash Gains In the event the cash gains are invested in obtain or building of household home.
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If the price of The brand new residential assets is reduce than the whole sale total, then the exemption is allowed proportionately. For that remaining amount of money, you are able to reinvest the money less than Portion 54EC within just six months.
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