Fact-check notes
Last fact-checked: 2026-05-30
Tax caution: AY 2026-27 covers FY 2025-26 and continues under the Income-tax Act, 1961. Tax Year 2026-27 and new-form references should be verified against official utilities before filing.
Use this page as preparation guidance. A professional should verify the active law year, notification, portal utility and source records before filing or taking a tax position.
What this covers
Section 54F can exempt long-term capital gains on assets other than residential house property when net consideration is invested in a residential house subject to conditions.
- Full exemption generally requires investment of full net consideration, not just the gain.
- One-house ownership condition and new-house lock-in are central.
- CGAS may be needed if investment is incomplete before ITR due date.
- 54F and 54EC planning should be modelled before sale proceeds are used.
Who this is for
- Gold seller buying a house.
- Investor selling shares to buy residential property.
- Owner selling commercial plot.
- CA planning capital gains before asset sale.
Documents and data to verify
- Sale deed/contract notes and cost proof.
- House purchase/construction documents.
- CGAS deposit proof if applicable.
- Ownership declaration for other houses.
Common mistakes to avoid
- Investing only gain when full proceeds are needed.
- Missing CGAS deadline.
- Already owning too many houses.
- Selling new house within lock-in.
How to proceed
- Confirm the applicable financial year, assessment year, taxpayer type, state and portal status before acting.
- Reconcile portal data with books, AIS/Form 26AS, GST returns, contracts, invoices, bank statements and source documents.
- Prepare a written computation, checklist, filing note or response with assumptions clearly stated.
- Download acknowledgements, challans, workings and evidence after filing or submission.
FAQs
Can WorkIndex help with this?
Yes. Post the facts and documents; relevant experts can quote for filing, advisory, reconciliation, registration, appeal support or ongoing compliance.
Is this page final legal advice?
No. Use it to prepare. A professional should verify the active law year, notification, portal utility and records before filing or taking a tax position.
What should I mention while posting?
Mention the year, state, form, deadline, amount involved, documents available, portal status and whether you need filing, correction, advisory or representation.