I-T Exempted on Joint Purchase of Property from Sale Proceeds
The income-tax appellate tribunal (ITAT) has ruled that an individual should get the full benefit of tax exemption for property purchase made after selling own property. Tax exemption will be allowed if he/she has purchased the property, along with stamp duty and registration charges, from the sale proceeds of own  property. The name on the new property, if it is jointly held, should not...
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