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capital Gain on sale of shop

harshal Upadhyay   24 July 2018

harshal Upadhyay

 2 likes  103 points

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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?


Dhirajlal Rambhia (KVO Merau Kutchh)     24 July 2018

Dhirajlal Rambhia
KVO Merau Kutchh 
 9237 likes  93390 points

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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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