Hi,
I sold my land in June 2022 and incurred some Long Term Capital gains. I purchased a house last month (June 2023). Can I avail LTCG exemption for my land sale by showing my house purchase ?
Thanks
Mani
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LTCG exemption on property sale
Replies (5)
Quick Summary
Should be invested within 6 months of sale or deposit in capital gains scheme in bank
There is another criteria.
Hi Sabyasachi Sir,
Can you elaborate on the other criteria you mentioned?
Within 6 months or 2 years from the date of purchase òf the property.
So I am eligible for LTCG exemption and no need to pay tax since I purchased house one year after the sale of my land plot. Is that correct?
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