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Capital Gains on Sale of Shop

Others 477 views 4 replies

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.

Replies (4)

No, exemption u/s 54 can be availed only on purchase of a residential house property.

U can a avil exemption under section 54F by investing whole money received from sale.
Only exemption u/s 54 can be availed for purchase of new house
Commercial property is not eligible for any type of exemption under any section


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