Capital gains
Querist : Anonymous
I like to know if any person sells its shop, which he has purchased 3 years ago, he would be liable to capital gains......
and where should he invest to save his capital gains?
Please do reply soon!!!!
Thanks ...
Another option is RECL bond u/s 54EC which is maximum up to 50 lac within 6 months of date of sale of shop. It has to be kept for 3 years.
Guest
But Capital Gain will be arise only if the whole block is discarded or net consideration exceeds the written down value.
Querist : Anonymous
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