Reg. capital gain

nagarajan (Accountant) (191 Points)

04 February 2014  

Dear Sir,

I want a clarification regarding capital gain. ie., A Pvt., Ltd., company purchased a land during Dec., 2011 ( Nearly 2 years and 2 months old) and the company wish to purchase a constructed premises. Whether the Capital gain arising from the sale of land can be adjusted against the investment in (Purchase of ) constructed premises? 

thanks

Nagarajan