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Capital Gain on sale of house property

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Manger Accounts & Finance
363 Points Joined October 2012
If any individual sale house property and purchase commercial property of fully amount within 2 year than capital gain applicable.
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On 02 April 2020 at 21:55 Report
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Chartered Accountant
12739 Points Joined December 2016

have to purchase residential property to avail exemption

In your case , capital gain will be attracted  

 

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On 02 April 2020 at 23:15
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job
376 Points Joined August 2010
Yes capital gain will applicable in this case
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On 03 April 2020 at 00:10
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Manger Accounts & Finance
363 Points Joined October 2012
Thanks to all
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On 03 April 2020 at 07:36
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Consultant
1891 Points Joined April 2019

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

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On 03 April 2020 at 11:48

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