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Excerpt: I bought a Residential Plot from HUDA in Ambala in the yr 1998 and got the Conveyance Deed done in 2004. Now i am planning to sell it off as soon as I find a buyer. I am also planning to reinvest the sale proceeds into another Residential Property at the earliest. Please advise me on the following:- a. My Capital Gains will be calculated from which year – 1998 or 2004. b. Is there any Tax Liability till I reinvest in a Property. c. How can I legally…
