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Selling property is taxing, lest you know
May, 28th 2008

They say experience prevents you from committing the same mistake twice. I submit this may be true in other domains. But as someone dealing with Indian tax laws, I can tell you that experience in fact teaches you to commit the same mistakes differently each time.

Take the tax provisions related with loans for purchase of a housing property. Over time, there have been so many alterations and revisions to the laws thereof that even now, immense confusion prevails.

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