Long term capital gain on equity shares

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20 Points Posted on 28 August 2024
can i buy house against long term capital gain in shares??
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On 28 August 2024 at 18:44 Report
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You can indeed use profits from selling equity shares held long-term to purchase a house. While there's no overall limit on the house purchase price, the tax exemption under Section 54F of the Income Tax Act is capped at Rs. 10 crores, effective from April 1, 2023.

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Accounts Manager
20 Points Posted on 28 August 2024

Yes, you can use long-term capital gains from shares to buy a house.

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On 28 August 2024 at 18:55
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20 Points Posted on 29 August 2024
Any limit??
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On 29 August 2024 at 10:50
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Accounts Manager
20 Points Posted on 29 August 2024

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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On 29 August 2024 at 15:05

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