Please Help: querry related to capital gain on sale of shares
Posted Date : 25-Nov-2019 , 09:01:59 pm | Posted By Rajesh Khanna
hi friends, If someone made a STCG on sale of shares and subsequently he invests amount in purchase of house property, whether exemption of STCG tax is available on such purchase of house
Category : Shares & Stock | Answers : 0 | Comments : 2 | Hits : 565
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haris saifi
27-Nov-2019 , 02:16:36 pmNo, you won't be able to claim any exemption for STCG in this case.
Gadamsetty Samba Siva Rao
04-Dec-2019 , 07:54:13 amExemption to STCG tax will be available for limited sections as per income tax act i.e., 54B, 54D, 54G, 54GA. As your STCG doesnot fall under this sections you won't be able to claim any exemptions