Capital gain section
Querist : Anonymous
According to Income Tax Act, What are implications of Income Tax when-
Is there any capital gain exemption available in following situation. And
which section of capital gain should apply on following situation.
-1. When Sale Proceeds of Commercial Building/Land put into purchase of Residential Building/Land.
- 2. When Sale Proceeds of Commercial Building/Land put into purchase of Commercial Building/Land.
When assesse/taxpayer have not any residential land/building.
2. No exemption is available.
Querist : Anonymous
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