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

Capital gain exemption query: reinvestment in an industrial property in an urban area may affect relief eligibility. Capital gain from sale of an industrial property previously let out, and whether reinvestment in another industrial property in an urban area qualifies for exemption under the relevant statutory provision permitting capital gains relief on purchase of a replacement asset.