170 COMMENTS

  1. Dear sir,
    Could u pls.suggest on urgent basis as:

    I bought shop in 2007 & wants to sale in April 2019.
    My queries is, whether part(75-80%) of sale consideration can be invested in residential building as per 54F & balance (capital gain tax amt) in Bonds as per 54EC?

  2. Dear sir
    I bought shop in 2007 & want to sale in April 2019.
    My queries as:
    Whether I can buy residential flat under construction from 75-80% sale consideration amt.as per 54F & balance (capital gain tax liability after indexation) can be invested as per 54EC?

  3. On sale of commercial property, can we opt for majority amt.of sale proceed as per 54F & balance amt be invested as per 54EC to save capital gain tax?

  4. I have residential house which I booked in 1974 & got possession in 1980 @ Rs.151435.00 now I wish to sell in april’19 around two crores ..
    1. How to calculate present value allowed by income tax ..
    2. Suggest how to save tax .. Such as rural bond etc.
    Regards

    • You have to take the help of government approved valuer to reach the cost price of your house as on 01.04.2001, so you may adjust CII further and calculate the cost at the time of sale.
      To save tax you may buy capital gain Bonds or buy another residential house, or a mix of both.

  5. I want to sell my shop and buy another shop in different area. Do I have to pay capital gain tax from the sale even if invested in commercial shop. Is the benefit only if I invest in residential property.

    • Yes. You can save capital gain tax only by investing the sale proceeds/Gain amount as the case may be in Residential property only or Capital gain Bonds

  6. I HAVE SOLD ONE RESIDENTIAL PROPERTY AND ONE COMMERCIAL PROPERTY, AND INVESTED IN ONE RESIDENTIAL PROPERTY SO MY QUESTION IS CAN I TAKE EXEMPTION FOR BOTH CAPITAL GAIN ON SALE OF RESIDENTIAL AND COMMERCIAL PROPERTY???

  7. I HAVE SOLD ONE RESIDENTIAL PROPERTY AND ONE COMMERCIAL PROPERTY, AND INVESTED IN ONE RESIDENTIAL PROPERTY SO MY QUESTION IS CAN I TAKE EXEMPTION FOR BOTH CAPITAL GAIN ON SALE OF RESIDENTIAL AND COMMERCIAL PROPERTY??? PLEASE REPLY SOON

    • Yes, Poornima. If you have invested the Complete capital gains earned from selling of Residential property (Section 54) and Complete sale proceeds you get by selling the commercial property (Section 54F). There are further conditions on how many properties you are supposed to own before buying another to save tax u/s 54 and 54F.
      So you should better be in touch with some tax professional / Chartered accountant for this transaction.

  8. I sold a residential plot on Sept 2016 and bought a residential plot in Sept 2018 and started constructing a building which comprise of commercial office in the ground floor and residential house in the first floor. Am I eligible for capital gains tax exemption?

  9. Sir I wants to shell old house and purchase new house at high amount but new house purchasing one month before shell of old house how can capital gain tex save

    • Yes, you may do so. You can either purchase residential property 1 year before, 2 years after or you can construct anew residential house with in 3 years.

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