Regarding Long term Capital
This query is : Resolved
19 January 2022
Dear Sir/Madam,
Please guide, how to reduce the tax against capital gains earned from Shares and Mutual fund.
Any option to invest and reduce the tax?
Thanking you in advance for guidance.
Regards
Rajnish
Please guide, how to reduce the tax against capital gains earned from Shares and Mutual fund.
Any option to invest and reduce the tax?
Thanking you in advance for guidance.
Regards
Rajnish
CA R SEETHARAMAN
(Expert)
19 January 2022
As per income tax laws, exemption from capital gains tax on sale of equity shares, 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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