Capital gain
This query is : Resolved
TARIQUE RIZVI
(Querist)
14 January 2015
If commercial shop is sold and with that much amount house for residential purpose is purchased. What will be the situation of capital gain. How to workout the tax on capital gain in such situation.
Rupesh Jain
(Expert)
14 January 2015
you have to invest all sales proceeds in new residential house then no capital gain will applicable u/s 54F
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