Capital Gain on sale of Plot and Property
This query is : Resolved
CHANDRASHEKHAR APTE
(Querist)
06 October 2019
My Client has Sold 3 Residential Properties and 1 Plot of Land. He then purchased 2 Office Premises.
Will he get any benefit of Deduction on Capital Gain for Purchase of Office? If so please give the section.
Is there any other way to avoid tax?
Please help.
Will he get any benefit of Deduction on Capital Gain for Purchase of Office? If so please give the section.
Is there any other way to avoid tax?
Please help.
CA R SEETHARAMAN
(Expert)
07 October 2019
Benefit of capital gains not available on purchase of commercial property. No way to avoid tax.
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