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Ltcg on shop

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Querist : Anonymous

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Querist : Anonymous (Querist)
16 July 2014 DEAR SIR/MADAM,

I HAVE SOLD ONE SHOP AT RS.20 LACS AND LTCG ON THAT SHOP IS RS.5 LACS. ALSO PURCHASED AFTER A WEEK ONE SHOP AT RS.16 LACS. PLEASE TELL ME THE AMOUNT OF EXEMPTION AVAILABLE ON SUCH PURCHASE OF NEW SHOP.




THANKS
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Nikhil Kaushik online

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Nikhil Kaushik online (Expert)
17 July 2014 no. deduction is available only if you have bought a residential house under 54F. shop against shop wont give you any deduction.
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CS,CA F,Numrologi TusharSampat

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CS,CA F,Numrologi TusharSampat (Expert)
17 July 2014 no deduction will be allowed for purchasing a shop.
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