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Capital gain

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(Querist)
10 October 2017 Sale of residential property and invest to bye of commercial property.
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K Srinivas, CMA CS

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K Srinivas, CMA CS (Expert)
10 October 2017 Capital gains exemption on purchase of a property is applicable only if the assessee purchases or constructs a residential property. Commercial property purchase is not allowed for capital gains exemption

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