Can gain on sell of dep office be used to buy residence
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
11 August 2014
An office unit was bought in 1985 and depreciation was claimed. Can profit on sell of this unit be used to buy residential unit? can one avail any Tax Benefits. If yes under which sections?
12 August 2014
what is the status of the assessee? individual, HUF or others?
13 August 2014
IF PROFPERTY IN NAME OF INDIVIDAUL OR HUF THEN YOU CAN TAKEM BENEFIT U/S 54F
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