on 31st March 22, I sold some STT paid equity shares and this resulted in LTCG of 1.7 lac.
In Apri 22, I sold my house to purchase another house and in process generated LTCG of ~ 10 lac.
Similarly, in current FY ( FY23), I again generated LTCG of ~ 5 lac through STT paid equity share sale.
All 3 above transactions were done to purchase a new house.
New house was purchased in Jun 22 and possession is expected in 1 year
Question is,
Whether LTCG generated from all 3 transactions mentioned above ( share/ property sale), can be invested in the house purchased in June 22?
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LTCG Investment
Replies (6)
Quick Summary
The third transaction generating 5 lakhs LTCG should be completed before purchase of new property, then yes all these will be eligible for exemption.
Yes...all three transactions were completed before agreement registration for the new property
In that conditions you will be eligible for all three deductions, under purchase of a house property.
Thanks a lot for your help
Tenure is really a main factor.
but no one has mentioned.
but no one has mentioned.
What is meant by tenure here sir, request if you can elaborate..
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