Exemption on long term capital gains

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48 Points Posted on 08 October 2021
I will be having long term capital gains by March 2022. If I purchase agriculture land now, can I claim its deduction on the long term capital gains.
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On 08 October 2021 at 13:12 Report
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Quick Summary
This discussion explores the possibility of claiming an exemption on long-term capital gains (LTCG) by investing in agricultural land. The consensus is that yes, you can indeed claim this deduction if you purchase agricultural land before the one-year mark from the transfer of the asset on which LTCG is anticipated.

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SEO Sai Gr. Hosp.
212529 Points Posted on 08 October 2021

On which asset LTCG anticipated?

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On 08 October 2021 at 13:15
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Chartered Accountant
24588 Points Posted on 08 October 2021
Yes you can invest before 1 year of transfer
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On 08 October 2021 at 13:20

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