Reinvesting capital gain in residential house property

260 views 1 replies

Dear Sir/Madam,

I understand that if you reinvest the long term capital gains obtained by selling shares into a house property then you are exempted from Long term capital gain tax. And if I correctly understand you have to do it in 2 years after getting the gains.

I also understand that you can reinvest in only one house property.

What is unclear is..is this exempted if I reinvest in a new one house property, but in past I already have 2 properties on my name, purchased thru income sources from savings out of my salary.

Thanks and regards.

Replies (1)
1 st LTCG on shares is exempt up to Rs 100000, subject to some provisions.
2 nd To take benefit of sec 54F the assessee should not own more than 2 houses (including new house in which he intends to invest the capital gain). So in your case u own more than 2, u are not eligible for sec 54F.

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
ARTICLESHIP 24 June 2026
CA Article Trainee

Rahul Dang & Associates

Pune

CA Inter

View Details
Company
29 June 2026
ACCOUNTANT

SANDEEP AASHISH & CO

Araria

B.Com

View Details
Company
10 June 2026
Senior Account Executive

JDS Advisory LLP

Ahmedabad

CA Inter

View Details
Company
22 June 2026
Finance Manager- Chartered Accountant

Triveni Turbine Limited

Bengaluru

CA

View Details
Company
ARTICLESHIP 27 June 2026
CA Articled Trainee And Paid Assistant

SKAA & Associates

New Delhi

CA Inter

View Details
Company
ARTICLESHIP 30 June 2026
Article Assistant or Paid Assistant

VIKAS VERMA & CO

New Delhi

Others

View Details
Company
ARTICLESHIP 18 June 2026
Article Assistance

RB KESHRI & CO.

Mumbai

CA Inter

View Details
Company
25 June 2026
Accounts & Taxation Executive

Dindukurthy & Associates

Hyderabad

MBA

View Details