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Capital gain

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(Querist)
14 August 2016 i have made LTCG by selling shares of a Pvt. Ltd. Co.
.
If i invest entire sale proceeds in buying a another house ( 2nd house), within the specified time limit will i get set off ?

Pl. advise?

Pankaj Ajmera
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Prof. Bajaj

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Prof. Bajaj (Expert)
14 August 2016 As this is a Pvt Ltd Company, it would come under unlisted Equity.

Kindly provide Date of Purchase and Date of sale, so that right solution can be provided.
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Amol S Joglekar

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Amol S Joglekar (Expert)
14 August 2016 do go through 54F which has a RESTRICITIVE condition

https://www.incometaxindia.gov.in/Pages/acts/income-tax-act.aspx
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pankaj ajmera

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pankaj ajmera (Querist)
18 August 2016 Date of purchase of shares of Pvt Ltd Co- 1-10 -2009
Date of sale of shares of Pvt Ltd Co.-1-6-2016.
LTCG after indexation.- Rs. 42 lakh.
Date of purchase of 2nd house-1-7-2016 for Rs..80lacs.

Can i get set off of LTCG against the purchase of 2nd house as said above.

Pl. advise.
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