Are investment in commercial flat is exempted in capital gai
This query is : Resolved
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
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
you cannot claim any exemption u/s 54/54F for purchase of commercial Flat..
it should be of residential use
27 April 2013
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