Capital gain
This query is : Resolved
21 June 2014
experts i need to ask u a query:
a client has purchased a shop for rs300000 in 2006 and sold it out for RS 2900000 in 2014. he wanted to avoid capital gain tax. he has no plan to invest this amount anywhere nor he has already invested any amount anywhere to take advantage of sec54,54F exemptions
Nikhil Kaushik
(Expert)
21 June 2014
unless you invest under 54F or 54EC, no exemption shall be available...section 54 is not applicable in this case.
Rupesh Jain
(Expert)
21 June 2014
if you don't want to invest the money then tax will be pay by you.
24 June 2014
pay tax or invest money.............................
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