Long Term Capital Gains

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MAKARAND DAMLE (Querist)
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25 August 2020 ON 16/06/2020 LONG TERM CAPITAL GAINS ON SALE OF MUTUAL FUNDS HAVE ARISEN
I HAVE TWO QUESTIONS
WHETHER THE ABOVE LTCG CAN BE INVESTED IN PROPERTY OR HOUSE OR ANY OTHER SCHEME
ADVANCE TAX PAYABLE NEEDS TO BE PAID 100% BY 15TH SEPTEMBER OR IN INSTALMENTS

CA Ankith Jain

CA Ankith Jain (Expert)
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26 August 2020 Yes, if you invest the amount in Residential house, then you can claim exemption under section 54F, tax could be zero. And you need not pay 100% advance tax by 15th september, it has to be paid in installments. For any queries, you could contact at caankithjain@gmail.com.

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