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Adjust ltcg against payment for extra area flat purchase

This query is : Resolved 
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(Querist)
06 September 2025 My building is going for redevelopment shortly. I have been given some extra area free of cost. I propose to buy another 50 sqft area for which I have to pay 15 lacs. Can I sell my shares and adjust the ltcg tax on shares to pay off the developer and avoid paying tax.
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Dhirajlal Rambhia

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Dhirajlal Rambhia (Expert)
06 September 2025 Not eligible. To claim exemption under Section 54F, the entire sale proceeds of shares would have to be invested in a new residential property—not partial extra space in an existing flat.
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Dhirajlal Rambhia

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Dhirajlal Rambhia (Expert)
20 September 2025 Good Luck..
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