If we sell a Commercial Property (Industrial Shed) is it compulsory to invest again on land only, to avoid capital gains?
kindly help with any other options are available.
Palle Ashok Reddy (student) (56 Points)
02 February 2015If we sell a Commercial Property (Industrial Shed) is it compulsory to invest again on land only, to avoid capital gains?
kindly help with any other options are available.
Raphael
(Chartered Accountant)
(214 Points)
Replied 02 February 2015
Dear Friend,
You can consider investing in 54EC bonds. i.e RECL and NHAI bonds with a lock-in period of 3 years. But the investment is limited to Rs. 50 Lakhs per financial year.
CAclubindia
