Capital gains

This query is : Resolved 

Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
19 November 2013 I have shop which is purchased 10 years bck in 2004 approx 18lacs. Nw i want to sell the same and invest that into another shop at different location.

Please advice the tax liability. Whether i am liable for exemption for capital gain. Please show the remedy for saving tax.

Regards & thanks in advance

19 November 2013 no exemption if u sale and buy new shop.
long term capital gain will be applicable.


You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries


CCI Pro
Meet our CAclubindia PRO Members


Follow us



Answer Query