Related capital gain
sanjay kumar (Advocate) (179 Points)
05 August 2024I want to know that if I have gain by the sale of equity shares can get excemption for purchase of residential property or not.
sanjay kumar (Advocate) (179 Points)
05 August 2024
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(196196 Points)
Replied 05 August 2024
Yes, provided it is Long Term Capital Gain, subject to conditions applicable u/s. 54F IT act.
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