Capital gain on commercial property

Tax queries 337 views 1 replies

I sold my commercial property in FY 2012-13 for Rs. 6,35,000 which was bought in FY 1993-94 for Rs. 1,25,000

Now i purchased new commercial property in FY 2012-13 for Rs. 13,00,000

Should i am liable for Capital Gain Tax, if i keep it in Block of Assets, if not then how much capital gain?

Please Help.

Replies (1)

No capital gains if you are claiming depreciation on the same and it is a block of asset of your business.

for more details visit and post : https://knowyourtaxation.blogspot.in/


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