Riyaz (accountant) (310 Points)
01 March 2014I 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.
SHASHANK AGARWAL
(self employed)
(114 Points)
Replied 01 March 2014
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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