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Long term capital gain and purchase of new flat

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Rahul Garud

Rahul Garud (Querist)
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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.

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)
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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.

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)
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12 September 2024 Good Luck.

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