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05-01-2008, 06:53 AM

kmk21248

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Join Date: May 2008

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Capital Gains

I registered for a house in April, 2006 for Rs.10 lac and took its possession in October, 2006. If I sell it now for Rs.20 lac what will be the capital gains tax? Is it necessary for me to pay the CGT even if I reinvest it to buy another house? If so, is there any alternative investment available?

K.Muthu Kumar

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