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Querist : Anonymous

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Querist : Anonymous (Querist)
30 October 2013 can LTCG( received from sale of plot) invested for purchase of shop? whether it will allow tax exemption?
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CA Pallav Singhania

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CA Pallav Singhania (Expert)
30 October 2013 No, Exemption wont be allowed in respect of purchase of shop,
Exemption U/S 54F,54EC, 54GB will be allowed under this...
on purchase of Residential property, or NHAI-RECL Bonds or investment in listed Shares of specified company...

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