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Individuals and HUF are eligible to claim capital gains exemption under section 54F.
According to section 54F, the capital gains from selling a non-residential property must be reinvested in a residential property either within one year before or two years after the date of selling the original property, and if the property is being constructed, it should be done within three years from the sale date.
Yes, section 54F applies to NRIs.
Yes, under section 54F, NRIs can have the tax benefits from buying a home in India.
The formula to calculate section 54F is = Capital Gains * Amount invested in residential property / Net sale considerations.