How to Minimize Capital Gain Part – II: Capital Gains from an Asset other than Residential House – Capital Gain Exemption (Sec. 54F) IntroductionAny long-term capital gain arising to an individual or an HUF, from the transfer of any asset, other than a residential house, shall be exempt if the whole of the net consideration is utilised within a period of one year before or two years after the date of transfer for purchase, or .....
How to minimize Capital Gain Part – 1: Capital Gain from Transfer of a Residential House-Exemption of Capital Gains u/s 54 IntroductionAny long-term capital gains arising on the transfer of a residential house (including self-occupied house) will be exempt from tax if, Conditions1) If the assessee has within a period of one year before or two years after the date of such transfer purchased, or within a period of three years constructed, a residential house. .....
