Capital Gains TAX
This query is : Resolved
29 December 2010
Can i invest the profits/gain earned after deducting the cost indexation on selling a commercial property held in my name in another commercial property to avoid capital gain tax. Or is these true to only residential property and agricultural land only?
29 December 2010
U have to invest the entire consideration in residential house property to claim exemption u/s 54F on sale of commercial property.
U can also invest upto Rs. 50 lakhs in bonds u/s 54EC.
U can also invest upto Rs. 50 lakhs in bonds u/s 54EC.
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