Proceeds from Mutual Funds used for buying house will it be Liable to Long term capital gains

Tax queries 296 views 1 replies

Are the proceeds from mutual funds subject to Long term capital gains if its used in purchasing a house ?Ex. A sold a house. 

Also can such a house be jointly purchased with family members & with second or thrid ownership of the new house ? ( Ex. A, B & C are family members & new house is jointly bought by A, B,C and ownership of new house  is as follows B followed by A & C )

Is this taxable ?


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