ilmscore | Prediction Details
"there is a section named 504F. Okay, which says if you have any kind of a long-term capital gain any kind of a long-term capital gain which means if you staying invested in let's say mutual fund and equity for just more than 12 months. Now let's assume that like you are giving example you have invested 50 lakh and after 10 years it is hypothetically is let's say 2 cr. Okay, and you have a gain of 1 cr. Okay. Okay. Now 1 cr rupees of gain and you say this I don't want to pay tax. But as a part of your overall financial planning you want to buy a house. So if you are selling all these things which is long-term capital asset of your mutual fund or shares and now you are buying a house worth the same amount you pay zero tax. Oh interesting right this is section 54f."
By Finance With Sharan | June 2, 2025 | Correct
From video
The Ultimate Indian Tax-Saving Masterclass (Salary, Business & Investments) | The 1% Club Show Ep62 00:34:13 - 00:35:03
Interpreted Prediction
Section 54F allows for zero tax on long-term capital gains (invested in mutual funds or equity for over 12 months) if the proceeds are used to purchase a house.
AI Evaluation Notes
The prediction accurately describes Section 54F of the Income Tax Act. Section 54F provides an exemption from long-term capital gains tax if the proceeds from the sale of a long-term capital asset are invested in the purchase of a residential house, aligning with the provided description.

Prediction Details

Topic
Tax Exemption on Long-Term Capital Gains (Section 54F)

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