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Q.

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

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2 Year

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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

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Read more:

What is Section 54F Under Capital Gains?

 
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