Want to buy a house by redeeming mutual fund investments? Income tax rules explained1 min read 19 Jun 2022, 07:13 PM IST
To claim exemption under Section 54F, the sale consideration has to be invested to buy a residential house within two years from sale of the mutual fund investments
I am planning to buy a residential flat by investing the redemption proceeds of my mutual funds investment. Will I be able to claim capital gain exemption if I reinvest the redemption proceeds for buying the second residential flat as I already have one residential house in my name? What is the time period of investment in residential property from date of mutual fund redemption? Can I claim this exemption again if I had already claimed exemption earlier for buying the first house?