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About LTCG Exemption on multiple properties sell


01-Nov-2023 (In Property Law)
Dear Sir/Madam, I had taken LTCG on house once 2 years back and purchased X Property. I also have Y property that I am planning to sell and upgrade house by investing Y property amount to new Z property. I came across know in 2019 budget that "the exemption on two house properties will be allowed once in the lifetime of a taxpayer, provided the capital gains do not exceed Rs. 2 crores". If that is case, since I have already availed LTCG exemption to purchase X Property benefit once in my life time, so would I not be able to avail LTCG exemption benefit for future properties that I am selling and investing into another property? If yes, is there any limit that any number of properties I can sell and reinvest the money to save LTCG? Please guide. Thanks and Regards, Pankaj
Answers (1)

Answer #1
848 votes
respected sir
kindly provide the more details of you matter as to enable me to guide you on. right way you can share me all details on my WhatsApp number which is available on my profile so please check my profile and contact me on my WhatsApp . thanks
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