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Mutual fund gains

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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 .
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
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.
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