Full Exemption on Capital gain

Yes, investment of LTCG calculated based on indexed cost of acquisition is allowed u/s. 54 IT act.

Sec 54F full exemption on capital gain.

Invest in hiuse property within a period of 2 years from the capital gain has arisen.

30 lakhs has to be invested for full exemption. Power finance corp capital gains bond for eg

Is indexation benefit available to a Resident India on sale of foreign real estate ( House property) for LTCG?

Originally posted by : sabyasachi mukherjee
	Sec 54F full exemption on capital gain. Invest in hiuse property within a period of 2 years from the capital gain has arisen.

Always mention the caveats. The condition here, as far as I know, is that if you are unable to invest your LTCG before the income tax filing date for the FY in which you realized the gain then you have to put that LTCG in a CGAS account at an authorized bank. (Opening/closing a CGAS account might be another headache.)

E.g. If you realize your LTCG in July 2024, then you have till July 2026 to invest it in a Resi. House but if you are unable to invest it before your ITR filing for AY 2025-26 then you have to put it in a CGAS a/c. You can then utilize it till July 2026 tax free for a Resi house purpose. After July 2026 it will be fully taxable.