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The above problems are cumulative. As a result, even if a single problem is just not fulfilled, then the seller are not able to avail the advantage of the exemption beneath Area 54.
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If You're not ready to invest the required sum in the manner said above prior to the day of tax submitting or 1 year within the day of sale, whichever is earlier, deposit the required total inside of a public sector lender (or other banking institutions According to the Cash Gains Account Scheme, 1988).
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What exactly are the provisions referring to the transfer of home soon after boasting profit under Part 54?
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54 cash will not be responsible for any in the phrases offered to here you personally. Fees, fees, and terms are immediately decided on with the lender.