LTCG exemption for investment in residential house
Section 54 of the Income-tax Act grants exemption for long term capital gains (LTCG) arising from the transfer of a residential house. Similar exemption is prescribed under Section 54F in respect of LTCG arising on transfer of other capital assets. The time period prescribed under both the sections in respect of purchase is within one year before or 2 years after the date of transfer and in case of construction within 3 years from the date of transfer. Response to a few interesting readers’ queries provide valuable insight into some useful tax saving tips for capital gains.
Investment in one house out of capital gains of multiple years?
هذه القصة مأخوذة من طبعة October 28, 2024 من Ahmedabad Mirror.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك ? تسجيل الدخول
هذه القصة مأخوذة من طبعة October 28, 2024 من Ahmedabad Mirror.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك? تسجيل الدخول
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