Long Term Capital Gains

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  1. prajwalpp

    prajwalpp New Member

    Hi,
    I recently sold my office for 25 L and replaced it with a new office under construction. The final cost of the new office will also be RS. 25 Lacs. I have not gained anything.. Only, I have shifted to a better office. Since I have utilized the proceeds of the sale entirely in the new premise, am I liable for capital gains tax. Should I show this transaction in my returns.
    Prajwal.
     
  2. nafeesa

    nafeesa Member

    No.u r not liable for capital gain tax.
    but u have to give all these details while filing returns
     
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