Section 54F of Income Tax Act: Capital gains tax exemption

Ever since the long-term capital gains tax on equities has been re-introduced, investors often write to us asking if there is a way to do away with it. In one of the recent emails that we have received, our subscriber mentioned that he is planning to buy a house after selling his investment in equity shares. He specifically pointed out towards section 54F of the Income-Tax Act and asked if the same can be used to claim an exemption on the capital gains by buying a house.

This article was originally published on July 07, 2022.