Ltcg on shop
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
16 July 2014
DEAR SIR/MADAM,
I HAVE SOLD ONE SHOP AT RS.20 LACS AND LTCG ON THAT SHOP IS RS.5 LACS. ALSO PURCHASED AFTER A WEEK ONE SHOP AT RS.16 LACS. PLEASE TELL ME THE AMOUNT OF EXEMPTION AVAILABLE ON SUCH PURCHASE OF NEW SHOP.
THANKS
I HAVE SOLD ONE SHOP AT RS.20 LACS AND LTCG ON THAT SHOP IS RS.5 LACS. ALSO PURCHASED AFTER A WEEK ONE SHOP AT RS.16 LACS. PLEASE TELL ME THE AMOUNT OF EXEMPTION AVAILABLE ON SUCH PURCHASE OF NEW SHOP.
THANKS
17 July 2014
no. deduction is available only if you have bought a residential house under 54F. shop against shop wont give you any deduction.
Message likes :
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17 July 2014
no deduction will be allowed for purchasing a shop.
Message likes :
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