Capital Gain on sale of house property

If any individual sale house property and purchase commercial property of fully amount within 2 year than capital gain applicable.
Replies (4)
Quick Summary
When you sell a house property and use the full proceeds to buy a commercial property within two years, capital gains tax will generally apply. Exemptions under Section 54 for deferring capital gains tax are typically only available if you reinvest in a residential property, not a commercial one.

have to purchase residential property to avail exemption

In your case , capital gain will be attracted  

 

Yes capital gain will applicable in this case
Thanks to all

No exemption will be available u/s 54 if invested in commercial property. 

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