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Are investment in commercial flat is exempted in capital gai

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(Querist)
27 April 2013 assesssee has sale residential flat of Rs 5.5 lacs indexation cost of flat Rs 2 lacs and assesssee purchase commercial flat 3.5 lacs are 3.5 lacs exempted under capital gain or taxable under capital gain
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kunal

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kunal (Expert)
27 April 2013 query is not clear..

you cannot claim any exemption u/s 54/54F for purchase of commercial Flat..

it should be of residential use
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Sumit Singla

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Sumit Singla (Querist)
27 April 2013 SIR WHAT THING YOU DO NOT CLEAR
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