Stock narket profit reinvest in bew resi property

Hello sir

I want to know that ,long term capital gain can be invest in buy new residential property or under construction property, or how to save tax on that profit?

 

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Quick Summary
This discussion explores how to reinvest long-term capital gains from the stock market into a new or under-construction residential property to save tax. It highlights Section 54F of the Income Tax Act, which allows for exemption when capital gains are used for property purchase. Key conditions include acquisition timelines, completion periods, and a lock-in period, with a maximum exemption limit of 10 crore.

you can claim exemption in section 54f of income tax, where long term capital gains are utilised for purchasing Property. however maximum exemption is 10 cr, Also new property must be aquired 1 year before, 2 year after the sale of asset or new construction must be completed within 3 years.

Lockin period on property puchased is 3 yrs.

Bit there is some condition to claim exemption in section 54F correct? Can i specify it ?

 

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