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    <title>Exemption of capital gain arising on sale of property used for residence</title>
    <link>https://www.taxtmi.com/circulars?id=4955</link>
    <description>Exemption for capital gain on transfer of a long term residential house is available for self occupied property because income from a self occupied house remains chargeable under the head Income from House Property even if its annual value is computed as nil under the deemed annual value rule and related deductions.</description>
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    <pubDate>Thu, 13 Jul 1989 00:00:00 +0530</pubDate>
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      <title>Exemption of capital gain arising on sale of property used for residence</title>
      <link>https://www.taxtmi.com/circulars?id=4955</link>
      <description>Exemption for capital gain on transfer of a long term residential house is available for self occupied property because income from a self occupied house remains chargeable under the head Income from House Property even if its annual value is computed as nil under the deemed annual value rule and related deductions.</description>
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      <law>Income Tax</law>
      <pubDate>Thu, 13 Jul 1989 00:00:00 +0530</pubDate>
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