Mutual fund gains
This query is : Resolved
27 July 2021
whether shortterm/longterm gains from debt or equity mutual funds if invested in buying flat are exempted from income tax if yes upto what value .
27 July 2021
Only long term capital gains can be invested for one house property.
As per income tax laws, exemption from capital gains tax on sale of equity shares/mutual funds being long term in nature, is available in Sec 54F if the sale proceeds are utilised for the purchase or construction of a new residential property.
As per income tax laws, exemption from capital gains tax on sale of equity shares/mutual funds being long term in nature, is available in Sec 54F if the sale proceeds are utilised for the purchase or construction of a new residential property.
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