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?
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LTCG setoff against residential property
Replies (2)
Yes, exemption can be claimed u/s. 54F of IT act.
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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