Capital gain exemption

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VINITHA RAJESH (Querist)
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19 September 2014 An individual has obtained long term capital gain out of sale of equity shares in a private limited company. What are the investment options available to him for obtaining the capital gain exemption.

Please advice.

Nikhil Kaushik

Nikhil Kaushik (Expert)
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20 September 2014 invest as per various provisions such as 54EC, 54F etc

VINITHA RAJESH

VINITHA RAJESH (Querist)
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21 September 2014 Thank you.

Investing in specified bonds are clear as per Section 54 EC.
But as per information received from some sources, there were doubts whether the LTCG from sale of shares can be invested in house property. In the section, it is also mentioned below at the end as
"Explanation.—39[Omitted by the Finance Act, 1992, w.e.f. 1-4-1993.]]

Please clarify

Nikhil Kaushik

Nikhil Kaushik (Expert)
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21 September 2014 havent heard of any such restriction. please refer https://taxguru.in/income-tax/tax-benefit-under-section-54ec-on-long-term-capital-gain.html

VINITHA RAJESH

VINITHA RAJESH (Querist)
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21 September 2014 54 EC is fine.
I meant whether any restriction under Section 54F. Please foward link if any with regard to this section.

Nikhil Kaushik

Nikhil Kaushik (Expert)
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21 September 2014 i am sorry i misread. Even for 54F there is no such restriction.

VINITHA RAJESH

VINITHA RAJESH (Querist)
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23 September 2014 Thanks a lot.

Nikhil Kaushik

Nikhil Kaushik (Expert)
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24 September 2014 you are welcome Vinitha..

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