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Q. > Please Help: Capital Gain Exemption
Whether investment in Flat (Allottment in 2012, Registry and possession in 2017, major portion of purchase price payment in 2013) will qualify for claiming exemption in respect of long term capital gain on sale of Plot in Sept,2017. Secondly will it make any difference if the outstanding amount of Home loan taken for purchase of flat is paid from sale consideration of plot.
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