Is exemption under section 54 or any other section available if the long term capital gains made from sale of shop is re invested in purchase of new shop.
Vinay Jaindani (184 Points)
14 August 2021Is exemption under section 54 or any other section available if the long term capital gains made from sale of shop is re invested in purchase of new shop.
CMA Poornima Madhava
(CMA)
(13112 Points)
Replied 14 August 2021
No, exemption u/s 54 can be availed only on purchase of a residential house property.
suren malik
(3 Points)
Replied 14 August 2021
CA. Sourav Sarkar
(Chartered Accountant )
(24583 Points)
Replied 14 August 2021
Avtar Singh
(363 Points)
Replied 17 August 2021
Live class on PF & ESI Enrollment & Returns Filing(with recording)
CAclubindia
