Section 54F

Querist : Anonymous (Querist) 10 November 2010 This query is : Resolved
I understand that money from sell of unlisted shares, if invested in buying a flat/home, capital gain tax is totally exmpted. Pl. advive the period with in which the sell proceeds are to be invested for buying the flat ?

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s.subramanian (Expert) 10 November 2010
Two years.

Raj Kumar Makkad (Expert) 10 November 2010
2 yrs.

A V Vishal (Expert) 10 November 2010
Within a period of 1 year before or 2 Years after the date of transfer, a residential house should be purchased or
constructed within a period of 3 years after the date of transfer.