I have registered my flat for 22 lakhs in 2017, now sold it in august 2021 for 78.3 lakhs. I have registered another new flat in feb 2021 for 56 lakhs . Can I avail complete LTCG exemption on 78.3 lakhs ? is the new flat cost should be more or equal to LTCG value or it should be same as total sale price of old property to avail maximum tax exemption?
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LTCG exemption calculation
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Yes You can Claim benefits to the extend amount of new Property.
and Held Land or building for more than 24 month LTCG is Applicable
and Held Land or building for more than 24 month LTCG is Applicable
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