Mr A and B jointly own one residential house. Now they jointly buy second residential house in the names of Mr B and A in FY 2021-22.
For the purchase of second residential house, Mr A and B sold shares and long term capital gain is earned. Is deduction for LTCG available? for both and under which section?
Thanks in advance!
Menu
LTCG on shares for deduction in second residential house
Replies (2)
Yes, both can claim deduction u/s. 54F of IT act.
Thanks a lot Sir!
Recent Threads
- Foreign Dividend earn
- TDS on Salary deducted but not paid by the employe
- GST INVOICE NOT SHOWN IN GSTR 1
- Turnover in AIS summary
- How to treat unutilised capital gain account schem
- What to do / how to handle about Capital receipt s
- How to show SGB interest in iTR
- How to file income tax return of ATM franchisee bu
- ITR Filing in case of deceased person
- Stuck with Schedule FSI in ITR 3
Related Threads
CAclubindia
