How is sale of commercial land taxed?
Can tax be avoided if another commercial property is bought or residential property is bought or agricultural land is bought using the proceeds?
Is there any other way to ltcg tax on sale of commercial property?
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Ltcg on sale of commercial land
Replies (3)
https://cleartax.in/s/section-54-capital-gains-exemption please refer to the link
yes if u invest in the rhp then it will be exempt us 54(f) provided u have invested th ewhole net amount received from sale of land. else u will get proportionate exemption.
if u invest in the securities of specified funds(startups) then u will get exemption u/s 54 (ee). here u need to invest only the amount if capital gains.
if u invest in bonds of nhai or rec exemption u/s 54(ec).
if u invest in commercial property or agricultural land then no exemption is available.
if u invest in the securities of specified funds(startups) then u will get exemption u/s 54 (ee). here u need to invest only the amount if capital gains.
if u invest in bonds of nhai or rec exemption u/s 54(ec).
if u invest in commercial property or agricultural land then no exemption is available.
i agree with sahil
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