How to save Gain on Sale of Commercial Property?

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  1. Paradeep

    Paradeep New Member

    Can anyone say how Gain on Sale of Commercial Property be saved.

    Can the gain be saved by investing in purchase of Residential Property???
     
  2. Piyush Chawla

    Piyush Chawla Active Member

    Yes, you can claim capital gains exemption on sale of commercial property if the amount is reinvested in a Residential Property. This exemption is allowed under Section 54F.

    You can also save capital gains tax if the amount is reinvested in bonds and claim exemption under Section 54EC. Refer: http://www.charteredclub.com/section-54/
     
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