Capital gain
This query is : Resolved
27 August 2015
Mr. X has purchase a shop at amount 306000 on dtd 23/01/2010 & sold same shop on 27/11/2014 at 1280000
& Mr X purchase a new commercial plot on 27/12/2014 at 2500000
So any capital gain attract on above transition
27 August 2015
Long term capital gain will arise in sale of shop. He can get the benefit of indexation.
If the shop is shown under the fixed assets of his proprietory business, then short term capital gain will arise.
If the shop is shown under the fixed assets of his proprietory business, then short term capital gain will arise.
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