Income tax section

This query is : Resolved 

29 January 2014 dear sir,
A have residential flats in delhi.
he has two son b & c.
A has expired now b and c owner of the flats 50% each.
B sales on share 50% to C .
here my qus.. is that B may purchase commercial rented out property above to received flats payment amount...

IF YES PLEASE PROVIDE INCOME TAX SECTION AND RULE

29 January 2014 No section for exempting sale proceeds of flat if invested in commercial property.

30 January 2014 with thank for your reply

my question is can B purchase commercial property on the flats payment.

please advice me in detail ....looking for your side....


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



Unanswered Queries


CCI Pro
Meet our CAclubindia PRO Members


Follow us


Answer Query