Ways to save tax on LTCG for unlisted shares

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This discussion explores strategies for reducing Income Tax on Long Term Capital Gains (LTCG) from unlisted shares, particularly those acquired through ESOPs and held for over three years. It clarifies the applicability of Section 54F for purchasing agricultural land and residential property, noting that it can be used for a second home purchase if you don't own more than two properties at the time of purchase.

Sam tangade

Sam tangade (Querist)
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02 May 2024 I have unlisted shares as part of ESOP from my Org.
Can anyone elaborate how we can save Income tax if we are holding shares for >3yrs.
For 54F:
- Can we use for agri land ?
- Suppose I used 54f in current FY against purchase of my 2nd home... Is it possible to again use 54F against new home purchase after selling my first home.

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)
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02 May 2024 1. No. sec 54F is for residential house purchased or constructed.
2. Yes, possible if at any time you are not holding more than two (second purchased) house property.

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)
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08 September 2024 Good Luck.

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