14 January 2015
We have been residing in our house for the last 50 years and now we are going to sell. If 100% amount after selling the residential house is used in purchasing of a commercial shop. How we will workout the tax on capital gain.
14 January 2015
For buying a commercial shop capital gain exemption is not available. You have to work out the indexed cost and deduct it from sale value for the balance amount long term capital gain tax at 20% has to be paid.
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