There are 2 long term capital gain in f.y 23-24 one from house property and other from listed share( share market) from house property is 7cr and from shares long term is 1.7 cr so total ltg is 8.7 cr invested in another house rs 8.7 cr whether the listed shares long term sale proceed can be allowed as deduction for balance 1.7cr gain
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Long term Capital gain queries
Replies (6)
All long term capital gain in this scenario is exempted
Sir doubt is whether we can claimed section 54 and 54 f both against one house property purchase .
As far as section 54f is concern full sale proceed is to considered and excempt the gain accordingly.
Pl Some one have some suggestion on above query plzz
| Originally posted by : geometry dash lite | ||
 |
All long term capital gain in this scenario is exempted |  |
I think this will work
LTCG on sale of shares is taxable
Long term capital gain happens when assets are sold after holding them for a long time. It affects tax calculations based on the asset type and holding period. Learn how it works and its impact.
Click here to know more: https://www.tatacapitalmoneyfy.com/blog/equity-funds/what-is-ltcg-tax-on-mutual-funds-2/
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