Exemption u/s 54F to Capital Gains on Equity shares sale

If net consideration received from sale of listed equity shares and equity based mutual funds is fully invested in buying a residential house, is exemption under Section 54F available? Reason for this query is that capital gain on equity shares/ mutual funds attracts tax at a lower rate, so whether this exemption is extended to shares also?

 

Will it make any difference if seller of shares already owns a house bought by him/ her around 10 years ago? Will 54F exemption be available in that case? Thanks in advance for responses.

Replies (1)

If there is only 1 residential house propety in the name of the assessee on the date o trasnfer of Capital asset i.e., on the day of LTCG then he/she can get exemption u/s 54F provided other conditions are fulfilled. 

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