Tax on capital gain
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
16 October 2013
I had purchased one shop November 2004 of Rs 1,77,600/- & sale the same property in October 2013 of Rs 15 Lakh. If I purchase one residential property in FY 2013-14 of Rs 20 Lakh. My Question is can i claim set off against capital gain? What is tax liability?
16 October 2013
Yes. Under section 54F.
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