INCOME TAX27 Sept 2026
Sold house, land, shares or mutual funds? Know 9 reinvestment options to claim capital gains tax exemption | Mint
Sold a house, land, shares or mutual funds? The sale can trigger capital gains tax. But the Income-tax Act gives nine exemptions under Sections 54 to 54GB if you reinvest the gains or sale proceeds in specified assets within the prescribed timelines. Rules differ based on what you sold and where you reinvest. Check which exemption fits your case before the deadline.
Key Statutory Highlights
- When you sell a house, the new house must be purchased within one year before or two years after the sale, or constructed within three years.
- The house exemption is limited to the actual capital gains, the amount invested, or ₹10 crore.
- A one-time option lets you invest in two houses where the capital gain does not exceed ₹2 crore.
Actionable Advice for Taxpayers / Founders:List what you sold, the sale date and the gain amount, then confirm with a tax professional which Section 54 to 54GB exemption may apply to you and how much time you have left, since timelines and caps differ for each one.
Statutory Disclaimer: TaxQue Shorts are AI-assisted editorial briefs for compliance awareness. This brief has not passed every source check; confirm the original notification before acting. This does not constitute formal legal or CA counsel.
TaxQue News Desk
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