Hello Sir/Madam,
I have made some considerable Long term capital gains by selling shares in Q1 of FY2022-23. I would like to check if I can claim capital gains tax exemption under any of the various sections of 54.
On the date of transfer of original asset, I own a residential house and I am also part of two new housing societies in which residential house is getting constructed in each society.
Am I eligible for capital gains tax exemption by investing the net consideration in any of the other assets?
Thanks,
Srikanth
CAclubindia
