Capital gain on commercial property
This query is : Resolved
26 March 2014
My query is that
I had purchased a commercial property for 45 lacs but transaction in white was for 18 lacs in 2008 now am selling it on 20 aprl 2014 for 59 lacs.
How can I save capital gain..?
Can I invest in residential property..?
Can I construct a residential property..?
What is the possible way out
Pls guide
Regards
Pam
I had purchased a commercial property for 45 lacs but transaction in white was for 18 lacs in 2008 now am selling it on 20 aprl 2014 for 59 lacs.
How can I save capital gain..?
Can I invest in residential property..?
Can I construct a residential property..?
What is the possible way out
Pls guide
Regards
Pam
26 March 2014
you can either construct or buy...refer section 54F
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