and one purchased in aug 2023 against sale of equity ( section 54 f benefit claimed) in fy 23-24.
If I sell my old 2004 flat for 2 cr and sell some equity ( long term) rs 80 lacs this FY 24-25, can I claim full cap. Gain tax exemption if I invest the proceeds in a new flat costing 2.80 cr.????
In such a case the LTCG u/s 54 F claimed last year will be added back this FY 24-25 at the new tax rate of 12.5 % ????
26 August 2024
1. You can claim exemption under both these sections, provided you sell flat first, then the shares to invest in purchase of third flat. 2. If you purchase the flat after the period of ONE year from the sale of the shares sold in 2023-24, no liability of adding back the exemption claimed in 2023-24.
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