Long term capital gain and purchase of new flat


This query is : Resolved 

Quick Summary
If you've sold mutual fund units or shares to fund a new flat purchase within a short timeframe, you can claim a deduction under Section 54F. Ensure your mutual fund units are equity-based. You'll need to declare these transactions under Schedule 112A and then claim the exemption in Schedule CG.

28 July 2023 I redeemed my mutual fund and sold some shares to partly fund my flat purchase. Under which section I can claim LTCG deduction. The transaction has been done within a two week time. Please guide.

28 July 2023 Assuming MF units also equity based, you can declare total transactions under Schedule 112A and claim exemption u/s. 54F in schedule CG.

12 September 2024 Good Luck.


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