Query regarding capital gains taxable income

The assessee wants to sell his residential property which he owns for more than 10years in this FY. My query is:

a) will the exemption be available if invested in purchase of commerical plot?

b) exemption available if invested in agriculture land?

thank you
Replies (6)
Quick Summary
This discussion explores capital gains tax implications for an individual selling a residential property owned for over 10 years. The core queries focus on whether investing the proceeds in a commercial plot or agricultural land would qualify for tax exemption under relevant sections like 54F or 54EC. Initial responses suggest that neither option typically provides an exemption.

A) no
b)no
Either sec 54F, 54EC .
Capital gains loss
Every query got two way reply...

one is correct way with solutions...

second way is blender/blind reply...

The Blind Reply only by Our Great Expert Mr Sabyasachi Mukherjee Sir...
Very well reply Sir @ Mr Sabyasachi Mukherjee...


Also Thank You for Attending this Query Sirrrrr @ Mr Sabyasachi Mukherjee Sir....

πŸ™πŸ™πŸ™πŸ™πŸ™
No vslues posted
Why values...??

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
26 September 2026
Chartered Accountant

pushpganga ventures

Pune

CA

View Details
Company
05 October 2026
Senior Accountant

Vision IT Peripherals Pvt Ltd

Mumbai

B.Com

View Details
Company
ARTICLESHIP 07 October 2026
Article Assistant

Malhotra Rajesh & Associates

New Delhi

B.Com

View Details
Company
ARTICLESHIP 28 September 2026
Junior Accountant

J S P M & Associates LLP

Pune

B.Com

View Details
Company
19 September 2026
CA/Semi-CA/BCom

Pravin Sarvaiya

Mumbai

CA Inter

View Details
Company
ARTICLESHIP 21 September 2026
CA Article Assistant

KK & Company Chartered Accountant

Pune

CA Inter

View Details
Company
06 October 2026
Assistant Manager - Audit and Compliance

Ravi K Jain & Co

Noida

Others

View Details
Company
Featured 03 October 2026
Accountant

A P Lodha and Associates

Jalna

B.Com

View Details