manjulla
1
Dear Sir, i would like to know about long term capital gain currently i am selling a commercial premise which i own for 6 years and want to buy another commercial premise for setting a factory .i have 2 options buying commercial land and building a shed buying an industrail gala i do not want to pay the capital gain .please advice me on options
regards
manjulla
As you are selling a commercial property, income tax can be saved under section 54F and 54EC.
Under 54F, you will have to invest in a residential property. Under 54EC, you will have to invest into capital gains bonds.
If you buy commercial land/property, no income tax exemption will be available and you will have to pay income tax on long term capital gains.
