Op wdv 4,48,772
sale value 9,14,000
new shop purchased for 28,54,340
is capital gain tax is applicable? or we can consider new shop value while calculating capital gain ?
can u please tell me section/provision?
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capital Gain on sale of shop
Replies (1)
Is Shop value without land cost?
Capital gains liability arises over sale of old shop.
By purchase of new shop, no deduction availlable over the capital gains liability.
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