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LTCG setoff against residential property

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40 Points Posted on 16 May 2024
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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On 16 May 2024 at 17:45 Report
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SEO Sai Gr. Hosp.
211715 Points Posted on 16 May 2024

Yes, exemption can be claimed u/s. 54F of IT act.

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On 16 May 2024 at 21:04
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Practising CA
8954 Points Posted on 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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On 17 May 2024 at 23:59


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