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
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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....

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