If You're not ready to invest the required sum inside the manner mentioned higher than before the date of tax filing or one yr in the date of sale, whichever is before, deposit the required sum in a very community sector bank (or other banking companies as per the Funds Gains Account Plan, 1988).
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In case the assessee buys or constructs a brand new house inside the prescribed cut-off date soon after selling the previous residence house, that is an extended-time period money asset, she or he can claim an exemption under Section fifty four.
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This solution facts will not represent a proposal to market, or even a solicitation of an offer to order securities in almost any point out to anyone to whom It's not at all lawful to produce these kinds of an offer.
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