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Buying a house to save capital gains tax on shares, MFs? Renovation costs may qualify too

livemint.com 3 h

India

Buying a house to save capital gains tax on shares, MFs? Renovation costs may qualify too — Sources: livemint.com

Mumbai ITAT has allowed ₹1.52 crore spent on renovating a house to qualify for capital gains exemption, widening the scope of costs that can be counted when reinvesting asset-sale proceeds.

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