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    <title>Long term capital gain exemption u/s 54 of I.T.Act</title>
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    <description>Long term capital gain from sale of a residential house is exempt where the taxpayer reinvests the capital gain amount in a new residential property; acquiring the new property in joint names with the spouse does not bar the exemption provided the capital gain amount is actually invested in the acquisition.</description>
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      <description>Long term capital gain from sale of a residential house is exempt where the taxpayer reinvests the capital gain amount in a new residential property; acquiring the new property in joint names with the spouse does not bar the exemption provided the capital gain amount is actually invested in the acquisition.</description>
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