I have soldsecurities on which long term capital gains have arisen. Is there a way I can get this capital gain exempted?
Capital gains tax arising on sale of securities can be saved fully or partly as under: a Long-term gains can be invested fully or partially within a period of 6 months from the date of transfer in assets specified under section 54EC viz. NABARD, NHAI, REC, SIDBI, NHB. The investment will have to be held for a period of 3 years, else the capital gains tax exemption availed of will be withdrawn in the year of sale. b Long-term capital gains can be invested fully/partially within a period of 6 months from the date of transfer in IPOs made by a public company as specified under section 54ED. The investment will have to be held for a period of 1 year, else the capital gains tax exemption availed of will be withdrawn in the year of sale. c Long term gains can be invested for purchase of new house under section 54F within a period of 1 year or construction within the period of 3 years from the date of transfer provided: i. no other house is owned by the employee on the date of transfer, and,
