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When the assessee purchases or constructs a completely new home in the prescribed time limit right after providing the aged dwelling house, which is a protracted-expression capital asset, they can claim an exemption beneath Segment 54.
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Mr. Cash initially fainted with the summit as a consequence of large altitude sickness and was helped by Sherpa guides, according to Pioneer Adventures, a company that potential customers visits on Everest.
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Even so, if the amount deposited while in the Capital Gains Account here Scheme will not be utilized in the closing date stated, then it shall be treated as cash flow of the earlier calendar year by which three several years expire (from your day of transfer of the first asset).
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