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Capital Gains TAX

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(Querist)
29 December 2010 Can i invest the profits/gain earned after deducting the cost indexation on selling a commercial property held in my name in another commercial property to avoid capital gain tax. Or is these true to only residential property and agricultural land only?
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Aditya Maheshwari

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Aditya Maheshwari (Expert)
29 December 2010 U have to invest the entire consideration in residential house property to claim exemption u/s 54F on sale of commercial property.

U can also invest upto Rs. 50 lakhs in bonds u/s 54EC.

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