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Long term capital gain on equity shares
can i buy house against long term capital gain in shares??
Replies (3)
Quick Summary
Yes, you can use long-term capital gains from shares to buy a house.
Any limit??
There is no limit on purchasing a new house, but the exemption limit under Section 54F of the Income Tax Act has been set at Rs. 10 crores, as announced in the Union Budget 2023 on April 1, 2023.
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