Capital Gain

[Guest]

Dear sir

I had sell one industrial propery which i sold and i had a capital gain on said property. Can anyone under which section i can claim exemption if again purchase industrial property.?

Please explain its urgent hai

[DR.MARIAPPAN GOVINDARAJAN]

Your query is not complete.

[Guest]

Dear Sir

My query is that , I sold one industrial property which i had it put on rent earlier and now i sold that property and i had capital gain on that Property , so can u please tell me in which section i can claim exemption ?

I hope now u will understand

[Guest]

And sir i want to purchase again Industrial property which is in urban area and tell me in this scenario.

AI Summary

Seeking Advice on Tax Exemption for Capital Gains After Selling Rented Industrial Property: Which Section Applies? A participant in a discussion forum seeks advice on claiming a tax exemption for capital gains after selling an industrial property that was previously rented out. They inquire about the specific section under which they can claim this exemption if they purchase another industrial property, particularly in an urban area. The initial response indicates the query is incomplete, prompting the participant to clarify their situation and reiterate their request for guidance on the applicable tax section for exemption.