Section 54F: Exemption on Capital Gain From Sale of Property Other Than Residential House

Section 54F: Exemption on Capital Gain From Sale of Property Other Than Residential House

When you sell a property (other than a residential house), like land, gold, or shares, you will be required to pay long-term capital gains tax on the profit you made. But here is the good news, you can save the money by claiming an exemption on such capital gain. Section 54F of the Income Tax Act allows you to save on your taxes. Let us understand more about it.