#capitalgains

If

you

sell

any

capital

asset

such

as

stocks,

mutual

funds,

property

-

taxes

come

along

with

it!

🫠

But

there

are

ways

using

which

you

can

avoid

paying

any

taxes

on

the

sale

of

shares

and

mutual

funds,

just

like

sale

of

property

(as

shared

in

an

earlier

reel)🙌🏼

Under

section

54F

of

the

Income

tax

Act

-

if

you

sell

the

stocks

and

mutual

funds

to

reinvest

the

sale

amount

in

property

-

you

will

have

to

pay

0

taxes

on

long

term

capital

gains

made

in

the

stock

market!🌟

From

1st

April

2023,

the

maximum

deduction

available

under

Section

54F

is

up

to

Rs.

10

crores.🌱

Here

are

a

few

more

things

to

keep

in

mind:

-The

assessee

must

not

own

more

than

one

house.

🙌🏼

-The

house

must

be

purchased

within

one

year

before

or

two

years

after

the

date

at

which

such

capital

asset

is

sold.

🫡

-If

the

house

is

being

constructed,

the

construction

must

be

completed

within

3

years

from

the

sale

of

such

a

capital

asset.🙏🏼

-The

house

must

not

be

sold

within

3

years;

else,

the

exemption

will

be

withdrawn.🫡

Share

this

with

your

friends

who

made

a

solid

profit

in

the

markets

this

FY

as

a

reminder

to

save

taxes!🎉

.

.

#capitalgains

#sharemarket

#stockmarket

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#Money

#MoneyMatters

#HipiMoney

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#HipiFinance

#FinanceonHipi

#Hipi

How

to

avoid

Income

Tax

#incometax

#Budget2024

#budgetmemes

#capitalgains

DM

"INR

/

DOLLAR"

and

Start.

#investment

#earnings

#moneymindset

#moneymaker

#capitalgains

#hipiviral