Capital Gain on sale of house property

SOHAN LAL (Manger Accounts & Finance) (363 Points)

02 April 2020

If any individual sale house property and purchase commercial property of fully amount within 2 year than capital gain applicable.

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4 Replies

CA Naveen Chand (Chartered Accountant) (12729 Points)
Replied 02 April 2020

have to purchase residential property to avail exemption

In your case , capital gain will be attracted

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CA ARPIT BANGA (job ) (376 Points)
Replied 03 April 2020

Yes capital gain will applicable in this case

SOHAN LAL (Manger Accounts & Finance) (363 Points)
Replied 03 April 2020

Thanks to all

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Spurto Consultancy Services (Consultant) (1891 Points)
Replied 03 April 2020

No exemption will be available u/s 54 if invested in commercial property.

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