Long term capital gain on equity shares

285 views
User Avatar

40 Points Posted on 28 August 2024
can i buy house against long term capital gain in shares??
0 Reply Share Follow
On 28 August 2024 at 18:44 Report
Replies (3)
Quick Summary
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.

User Avatar

Accounts Manager
2070 Points Posted on 28 August 2024

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

Reply
On 28 August 2024 at 18:55
User Avatar

40 Points Posted on 29 August 2024
Any limit??
Reply
On 29 August 2024 at 10:50
User Avatar

Accounts Manager
2070 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.

1 Reply
On 29 August 2024 at 15:05

Leave a Reply

Post Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Recent Topics :

  1. Guidance Required on Filing Fresh Registration und
  2. IT Return Refund Status AY 2026-27
  3. Clarification Regarding Income Tax Demand Notice
  4. Online PAN Download: Check How?
  5. Demand of Late fee/Interest under section 75 of GS
  6. DSC registration on TRACES portal
  7. Can we get registered for MCA if we get a Virtual
  8. DONATION PAYMENT REG
  9. GST IDS Refund – Statement 01A: Invoice Not
  10. TDS deposit code & TDS return

More recent discussions | Post

Related Topics :

Loading