Regarding Long term Capital

This query is : Resolved

Rajnish (Querist)
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19 January 2022 Dear Sir/Madam,

Please guide, how to reduce the tax against capital gains earned from Shares and Mutual fund.
Any option to invest and reduce the tax?

Thanking you in advance for guidance.

Regards
Rajnish

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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19 January 2022 As per income tax laws, exemption from capital gains tax on sale of equity shares, being long term in nature, is available in Sec 54F if the sale proceeds are utilised for the purchase or construction of a new residential property.