Sold Shares and purchased Open plot

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Tax Consultant
297 Points Posted on 20 July 2025

Hello all,

One of my client sold Shares (Long term) and invested the same in Open plot.

Is he eligible for claiming capital gains u/s  54F?

 

Little bit urgent. Please help

 

Thank you.

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On 20 July 2025 at 23:17 Report
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Quick Summary
A client has sold long-term shares and reinvested the proceeds into an open plot of land. The question is whether this investment qualifies for capital gains tax exemption under Section 54F. The response indicates that exemption is possible if the intention is to construct a house on the plot within the stipulated timeframe.

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SEO Sai Gr. Hosp.
212503 Points Posted on 21 July 2025

No.

If going to construct any house property over it (within stipulated time period); then yes.

1 Reply
On 21 July 2025 at 08:49
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Tax Consultant
297 Points Posted on 21 July 2025

Thank you for quick response.

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On 21 July 2025 at 08:50
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SEO Sai Gr. Hosp.
212503 Points Posted on 21 July 2025

You are welcome.               

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On 21 July 2025 at 09:10

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