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Source: Live Mint I have sold a plot of land for ₹67 lakh. After indexation, the taxable long-term capital is around Rs35.40 Lakh. If I invest the long-term capital gains of Rs35.40 lakh in a residential flat, I understand that I do not have to pay any tax due to the exemption available under Section…
Source: Live Mint The date of acquisition for the property inherited by you from your father will be the date on which your father had purchased the property. The cost and date of acquisition for a capital asset acquired under a will or as a gift, will be the cost and the date for which,…
Source: Live Mint I sold some shares during the current year on which I earned some Long Term Capital Gains (LTCG) and immediately invested the sale proceeds to buy a residential flat, say flat A, to claim exemption u/s 54 F in June 2024. I sold another of my flats before 23rd July 2024 (Not…
