Long term capital gain on equity shares
Manish Darji (35 Points)
28 August 2024
can i buy house against long term capital gain in shares??
3 Replies
CA Anoop Kumar Sharma
(Accounts Manager)
(2065 Points)
Replied 28 August 2024
Yes, you can use long-term capital gains from shares to buy a house.
CA Anoop Kumar Sharma
(Accounts Manager)
(2065 Points)
Replied 29 August 2024
There is no limit on purchasing a new house, but the exemption limit under Section 54F of the Income Tax Act has been set at Rs. 10 crores, as announced in the Union Budget 2023 on April 1, 2023.
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