Hi,
A Commercial Property refers to a property that is used for business activities. When a store or office building is rented out, the profit on its sale is taxed under the "Capital Gains" heading, whereas any rent that is collected is taxed under the "Income from House Property" heading.
I hope this helps:)
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What is capital gain in commercial property?
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2023-06-20T09:11:24+00:00 2023-06-23T16:08:24+00:00Comment
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