In the event the assessee purchases or constructs a whole new house inside the prescribed time limit just after marketing the previous household assets, which happens to be a lengthy-phrase capital asset, he or she can declare an exemption beneath Area fifty four.
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Rarity and Exclusivity: Selected variants, including the ‘Black Star’ plus the Design 213 in 9mm, are produced in constrained quantities or for certain marketplaces, improving their rarity and, by extension, their collectibility.
A sale of the residential residence is a sale of a cash asset, plus the earnings receives taxed like a capital get.
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