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If, in almost any attract, you can find a lot more than 7 best prize winners and at the very least a single next prize winner, both of those the very best and next prizes are going to be pari-mutuel.
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This exemption are going to be reversed when you sell this new residence inside of three decades of its buy or building OR if you purchase An additional residential property inside of 2 a long time in the sale of the initial asset or assemble a household house apart from The brand new house inside of three several years in the sale of the first asset. Money gains through the sale will probably be taxed as long-expression capital gains.
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The new household house should be in India. The vendor simply cannot get or buy a residential household overseas and claim the exemption.