capital gains exemption

Explained: How can income tax be saved on selling urban agricultural land?

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Explained: How can income tax be saved on selling urban agricultural land?

I have Long Term Capital Gain (LTCG) on selling an ancestral urban agriculture land. How can I save taxes on such long-term capital gains? Regarding the sale of agricultural land capital gain, which is taxable because it is not farmland and is not treated as a capital asset for taxation purposes, an individual and HUF … Read more

Can I claim capital gains exemption for consolidating multiple properties into a single residential property?

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Can I claim capital gains exemption for consolidating multiple properties into a single residential property?

I am selling three residential house properties all during the financial year 2024-25. My aggregate indexed long-term capital gain from the sale of all three properties is ₹95 lakh. Can I claim a long-term capital gains exemption for all three properties by investing the capital gains in a single residential house property? Section 54 provides for exemption from long-term … Read more