Capital Gain and invested in Shop or Office

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Rahul (Querist)
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29 July 2023 Dear
Q.1 Sale of resident house and invested in shop/office.
Section 54D exemption can claim by assessee? in 54 D section mentioned Industrial Undertaking
So my question is can shop/office can cover under industrial undertaking?.

Q2. Assessee sold residential house, but invested in two seperate residential property under construction and make part payment in both properties.

is he eligible to take benefits of section 54 to invest in new residential house.

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)
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29 July 2023 1 Not eligible
2. Eligible to invest in two house properties. It is once in lifetime exemption.

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)
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11 September 2024 Good Luck.

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