If my ltcg for current financial year is more than 1.25 lacs and I am investing that amount in purchasing land for residential purpose. Can I claim exemption from tax on my ltcg.
Hey @saurabh3
Under section 54F, you can claim an exemption for long-term capital gains up to the amount invested or gains realized, whichever is lower.
Here’s a detailed explanation of section 54F.
Hope this helps!