Capital gain commercial property

03 May 2023

Can i claim capital gain exemption on sale of commercial property against buying another commercial property within time limit??

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4 Replies

Dhirajlal Rambhia (SEO Sai Gr. Hosp.) (167415 Points)
Replied 03 May 2023

No. Not eligible if you buy commercial property.

Exemption can be claimed only if you by residential property, subject to conditions as per sec. 54F of IT act.

pooja Kotak (34 Points)
Replied 03 May 2023

Thanks

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Dhirajlal Rambhia (SEO Sai Gr. Hosp.) (167415 Points)
Replied 03 May 2023

You are welcome.

sabyasachi mukherjee (27119 Points)
Replied 04 May 2023

Capital gain on selling residential property and transferring it to a commercial property is also not available.

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