Long Term capital gain1

How many times we can avail LTCG benefits.
Replies (8)
Quick Summary
This discussion clarifies the frequency of claiming Long Term Capital Gains (LTCG) tax benefits. While there's generally no restriction on claiming the benefit, it's crucial that the asset sold qualifies for LTCG treatment. The conversation highlights that selling land and reinvesting in a constructed property, or vice versa, can still qualify for benefits, provided specific conditions are met. However, it's noted that the LTCG benefit might be limited to once if invested in capital gains infrastructure bonds or another house property.

ELABORATE YOUR QUERY.

AS SUCH NO RESTRICTION TO CLAIM ANY SUCH BENEFIT, PROVIDED THE PARTICULAR SECTION RESTRICTS IT.

Let say I sold a property 2 years back and I claimed the LTCG beenfit that year. So if I sell another property and buy a house today still I can get benefit in LTCG

YES, WITHOUT ANY DOUBT, PROVIDED BOTH THE PROPERTIES SOLD WERE HOUSE PROPERTIES AND NOT LAND/PLOT.... OR ANY OTHER ASSET...

YES IT IS PLOT NOT THE CONSTRUCTED PROPERTY BUT WANT TO BUY A CONSTRUCTED PROPERTY

WHAT WAS THE PROPERTY SOLD 2 YEARS BACK? WAS THAT TOO PLOT?

Yes previously also sold land and bought apartment

HOW MANY RESIDENTIAL PROPERTIES YOU HAVE AT PRESENT?

Ltcg benefit can be availed one time. It means you hv to invest in capital gain infrastructure bonds or any other house property.

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