Capital gains on transfer of assets other than house property
LTCG from sale of any long-term capital asset other than a residential house is exempt if net sale consideration is invested in a new residential house within 1 year before or 2 years after transfer.
Key provisions
- LTCG from sale of any long-term capital asset other than a residential house is exempt if net sale consideration is invested in a new residential house within 1 year before or 2 years after transfer.
Use via API
GET/v1/tax-law/sections/by-2025-ref/115
Programmatic access - free, no signup required. ISR-cached for 24 hours.
REQUEST · cURL
curl https://api.thynktax.com/v1/tax-law/sections/by-2025-ref/115
RESPONSE · 200 OK
{
"act_2025_ref": "115",
"old_reference": "Section 54F, Income Tax Act 1961",
"title": "Capital gains on transfer of assets other than house property",
"category": "Section",
"limit_or_rate": "-",
"applicable_to": "-",
"effective_from": "2026-04-01"
}