Capital Gain
This query is : Resolved
04 October 2008
Dear Member,
I have a industrial property which i sold it a month ago. i has holding this property from past 20 years.
Sale of this property will attract capital gain ( long term @ 20% )
I would like to know how can i escape of this tax.
Please note:-
I cannot avail exemption under section 54F because i am having more than one industrial property
and
I dont want to invest in another industrial property
Regards
Ankitha
I have a industrial property which i sold it a month ago. i has holding this property from past 20 years.
Sale of this property will attract capital gain ( long term @ 20% )
I would like to know how can i escape of this tax.
Please note:-
I cannot avail exemption under section 54F because i am having more than one industrial property
and
I dont want to invest in another industrial property
Regards
Ankitha
06 October 2008
As the property has been sold ,so now planning does not seem practical
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