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Query related to income tax sec 54

ITR Filing 220 views 1 replies

Hi,

     I have sold some equity shares in June 2021 thereby got ong term capital gains and paid LTCG tax in FY22 accordingly. I recently purchased house in June 2023.Is it possible to claim tax refund on LTCG tax I paid in FY22 by showing my recent house purchase, as per income tax section 54. Thanks in advance for your response.

Replies (1)
For getting exemption u/s 54 there must be transfer of residential property


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