Long term capital gain exemption on sale of mutual funds
This query is : Resolved
12 July 2025
Dear Sir,
One of my client has sold his mutual funds in fy 2024-25 and invested that amount in purchase of property in May 2025. He has received OC of that property in July 2025.
The sale agreement was made in the year 2019 but due to covid the work was started late.
My query is will he get the capital gain exemption on LTCG gain in this scenario. Please help me in this matter.
Regards,
Divyesh Jain
One of my client has sold his mutual funds in fy 2024-25 and invested that amount in purchase of property in May 2025. He has received OC of that property in July 2025.
The sale agreement was made in the year 2019 but due to covid the work was started late.
My query is will he get the capital gain exemption on LTCG gain in this scenario. Please help me in this matter.
Regards,
Divyesh Jain
12 July 2025
Yes, provided all other conditions of sec. 54F are satisfied.
12 July 2025
Thanks for your reply
12 July 2025
You are welcome.
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