ilmscore | Prediction Details
"The other section which is less known is that 54F. In this you can sell any asset. So for example let's say somebody's selling 1 cr rupes of gold right now. Okay, Because gold is at 1 lakh rupees right and somebody has invested 20 30 years back or their father or mother somebody has invested this right now at out of this 1 cr 50 lakh rupees is gain now you want to buy a house sell that gold okay and buy the house on this 50 lakh rupees of gain you pay zero tax oh wow"
By Finance With Sharan | June 2, 2025 | Correct
From video
The Ultimate Indian Tax-Saving Masterclass (Salary, Business & Investments) | The 1% Club Show Ep62 00:36:00 - 00:36:28
Interpreted Prediction
Section 54F also permits paying zero tax on capital gains from selling assets like gold, provided the proceeds are used to buy a house and the individual owns no other house at that time.
AI Evaluation Notes
The prediction stated that Section 54F allows for zero tax on capital gains from selling assets like gold if the proceeds are used to buy a house, provided the individual owns no other house at that time. This is a correct interpretation of Section 54F according to available information on tax laws.

Prediction Details

Topic
Tax Exemption on Capital Gains by Selling Gold to Buy a House (Section 54F)

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