hello,
if i earn LTCG in shares and i want to buy new house then, can i adjust LTCG against new house within specified time?
Yes, exemption can be claimed u/s. 54F of IT act.
2 Replies
CA Raj Doshi
(Practising CA)
(8944 Points)
Replied 17 May 2024
Yes. however it shall be in the proportion of sales proceeds of shares invested in the residential property (and not in comparison with capital gains)
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