Is exemption under section 54 or any other section available if the long term capital gains made from sale of shop is re invested in purchase of new shop.
Is exemption under section 54 or any other section available if the long term capital gains made from sale of shop is re invested in purchase of new shop.
No, exemption u/s 54 can be availed only on purchase of a residential house property.
Naveen Fintech Pvt Ltd
Kolkata
CA Inter
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