capital gain
This query is : Resolved
02 December 2009
Q : If the Assesee has sold the residential property and has the capital gain on the Residential Property but the assesee has neither want to invest the money in the residential property under section 54 nor invest the money u/s. 54 EC to save the Tax but the Assesee wants to purchase the Commercial property it is correct or not or if there is any other scheme of investment please specify .
02 December 2009
If so income tax has to be paid.
vijay singhal
(Expert)
02 December 2009
yes.....hav to bear income tax
Murtaza I Bhagat
(Expert)
02 December 2009
Paid Tax and Purchase Commercial Property.
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