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LTCG setoff against residential property

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40 Points Joined August 2018
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.
211539 Points Joined July 2016

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 Joined December 2013
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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