Query regarding capital gains taxable income

The assessee wants to sell his residential property which he owns for more than 10years in this FY. My query is:

a) will the exemption be available if invested in purchase of commerical plot?

b) exemption available if invested in agriculture land?

thank you
Replies (6)
Quick Summary
This discussion explores capital gains tax implications for an individual selling a residential property owned for over 10 years. The core queries focus on whether investing the proceeds in a commercial plot or agricultural land would qualify for tax exemption under relevant sections like 54F or 54EC. Initial responses suggest that neither option typically provides an exemption.

A) no
b)no
Either sec 54F, 54EC .
Capital gains loss
Every query got two way reply...

one is correct way with solutions...

second way is blender/blind reply...

The Blind Reply only by Our Great Expert Mr Sabyasachi Mukherjee Sir...
Very well reply Sir @ Mr Sabyasachi Mukherjee...


Also Thank You for Attending this Query Sirrrrr @ Mr Sabyasachi Mukherjee Sir....

πŸ™πŸ™πŸ™πŸ™πŸ™
No vslues posted
Why values...??

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
24 October 2026
CA Industrial Trainee

Fytomax Nutrition Private Limited

Aurangabad

CA Inter

View Details
Company
19 October 2026
Accountants/Articles (Freshers/Experienced)

ADY & CO.

New Delhi

Graduate (Any)

View Details
Company
Featured 27 October 2026
semi-qualified CA

Saini Pati Shah & Co LLP, Chartered Accountants

Mumbai

CA Final

View Details
Company
ARTICLESHIP 17 October 2026
Articled Assistant

RRPM & Associates LLP

Chennai

CA Inter

View Details
Company
ARTICLESHIP 29 October 2026
Article Assistant (CA Inter / CMA Inter) - Thrissur

Varma Raja & Associates

Thrissur

CA Inter

View Details
Company
08 October 2026
Accounts and Tax Associate

POOJA R TELI & CO

Pune

CA Inter

View Details
Company
02 November 2026
Audit Executive

SRJP & Co LLP

Kochi

CA Inter

View Details
Company
28 October 2026
Assistant Director/ Associate Director-Finance & Accounting

Krea University

Chennai

CA

View Details