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!
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LTCG on shares for deduction in second residential house
Replies (2)
Quick Summary
Yes, both can claim deduction u/s. 54F of IT act.
Thanks a lot Sir!
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