Experience The NoBrokerHood Difference!

Set up a demo for the entire community

Thank You For Submitting The Form
Home / Finance / Taxes / Dear Sir, how to save tax on sale of a commercial property belonging to a partnership firm under section 54 F?
Q.

Dear Sir, how to save tax on sale of a commercial property belonging to a partnership firm under section 54 F?

view 44Views

2 Year

Comment

1 Answers

Send

Hi,

As far as I know, Section 54F is intended for LTCG (long-term capital gains) from the sale of commercial property. As per this section, you can save capital gains tax on the sale of commercial property using provisions mentioned in this answer:

How can I save capital gain tax on the sale of commercial property?

Here you will also read about the requirements that one needs to fulfill to claim tax exemption under Section 54F

Avail NoBroker’s Legal Services in Case You Have Any Legal Queries Regarding Selling Your Commercial Property

Post a Free Ad on NoBroker to Sell Your Commercial Property without Paying Brokerage!

Read more:

What is Section 54F Under Capital Gains?

 
Flat 25% off on Home Painting
Top Quality Paints | Best Prices | Experienced Partners