Exemption of capital gain
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
06 February 2015
an agricultural land within 8KM of municipal area sold and consideration amount has been invested in construction of commercial building. whether there is any rule of exemption of capital gain in such type of cases ?. Please give details.
06 February 2015
Investment must be in a residential house to get exemption under Sec.54, hence it is not applicable in your case it is invested in commercial building construction.
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