Dear Members
I am salaried having one house registered on my name and one commercial ancestral property inherited after demise of my father.
I invested 10.0 lac in Technology mutual fund (Sectoral equity fund) fund in 2021 i.e. 2 years back and currently having very good profit of almost 10.0 lac. Considering sectoral fund, I want to redeem the money in FY 24-25. How can I save tax on LTCG?
I started construction of one residential house in Dec 2023 where I have invested almost 20 lac from my savings and cosntruction will complete in 2 months (Oct 2024), can these construction cost amount be adjusted against capital gain from Sectoral mutual fund?
Kindly advice
Thanking you in advance
CAclubindia
