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Capital gain

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(Querist)
14 January 2015 If commercial shop is sold and with that much amount house for residential purpose is purchased. What will be the situation of capital gain. How to workout the tax on capital gain in such situation.
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Rupesh Jain

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Rupesh Jain (Expert)
14 January 2015 you have to invest all sales proceeds in new residential house then no capital gain will applicable u/s 54F

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