Long term capital gain

Querist : Anonymous (Querist) 18 June 2018 This query is : Open
Respected Sir/madam,

We had an ancestral COMMERCIAL property and from there we have received a profit of Rs 4 lakhs only. Can we further reinvest it by purchasing a commercial property again or can we buy a residential property or we need to invest it in NHAI or REC respectively or we need to pay tax on capital gain @20% of Rs 4 lakhs.

Please suggest. It would indeed be of great help.

Thanks & Regards,
Gautam
Mail id : yourjob35@gmail.com

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