Exemption under Section 54 for LTCG

This discussion clarifies doubts regarding the Section 54 exemption for Long-Term Capital Gains (LTCG). It confirms that the exemption does not apply to vacant or agricultural land. While you can sell multiple properties to avail the exemption, reinvestment in new properties has limitations, often considered a once-in-a-lifetime opportunity for up to two properties. The discussion also addresses scenarios involving gifted properties, confirming eligibility for the exemption in certain cases.