dear sir/madam,
I would like to ask about that I would like to sale my residential property rs. 4 crore. purchased in 2009 and I like to buy new commercial shop of rs. 1 crore something.
could I get full capital gain exemption or partly taxable. I had read section 54.
please clear my daught. as soon as possible.
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Capital gains
Replies (2)
For calculation exact date of purchase and purchase value is needed
@ Arif
Long term capital gain on sale of residential property is fully taxable.
Except to the extent of 50 lakhs if you invest in 54EC capital gains bonds issued by NHAI. REC
No tax benefit on purchase of commercial shop.
Long term capital gain on sale of residential property is fully taxable.
Except to the extent of 50 lakhs if you invest in 54EC capital gains bonds issued by NHAI. REC
No tax benefit on purchase of commercial shop.
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