Tax planning
Sec 86 (old Sec 54F) exemption on sale of land or other long-term assets
- If you sell land, a shop or any long-term asset other than a house and put the sale money into one new house, part or all of the gain is tax free.
- Deadline: New house bought 1 year before or 2 years after the sale, or built within 3 years; unused net consideration deposited in the Capital Gains Accounts Scheme before the return due date
- Done in 3 working days after the sale deed, cost papers and the new house documents
- Prepared by your Savvy, checked by a CA
- Sale deed of the land or asset
- How many houses do you own
- Confirm eligibility
- Eligibility note and exemption working
Sec 86 (old Sec 54F) exemption on sale…
New house bought 1 year before…
- IInformation7 documents
- DDiscussion6 questions
- FForms6 steps
- DDeliverablesEligibility note and…
Answer in brief
If you sell land, a shop or any long-term asset other than a house and put the sale money into one new house, part or all of the gain is tax free. We check that you do not own too many houses, work out the exempt share, plan the CGAS deposit and file the claim.
Every paid answer is checked by a CA. Free AI answers are labelled until a CA verifies them.
From the official sources
What the law says, and what trips people up
From the official portal's manuals and FAQs, with the source for each point.
A Savvy walks you through the law and the portal for your exact case.
IDFD
How we solve it: 4 steps
Every line tracked live.
Step 1 of 4 · Information
Tap each one you already have
- Sale deed of the land or asset
- Purchase deed and cost proofs
- List of houses owned on sale date
- New house agreement and payments
- Brokerage and transfer expenses
- CGAS deposit receiptOptional
- Construction bills, if buildingOptional
Connect now
A Savvy replies in minutes.
Fixed price before you pay. Your Savvy is paid only after you accept the work.
Answers on this topic
- Section 82 (old 54): Property Sale Reinvestment ExemptionSell a residential property and reinvest in another residential property, the capital gains are fully or partly exempt. The most valuable capital gains exemption in In…
- HUF and LTCG: capital gains planning with HUFHUF can invest in equity and mutual funds. It gets its own ₹1.25L LTCG exemption on equity (Budget 2024). If you've already used your personal ₹1.25L LTCG exemption, t…
- Agricultural income: why it's exempt from income tax and how it interacts with other incomeAgricultural income is exempt from income tax under Sec 11, Income-tax Act 2025 (old Sec 10(1)). But the exemption is not absolute, it affects the tax rate applicable…
- Time limits and limitation: when a notice becomes invalidEvery assessment has a time limit. A notice issued beyond the time limit is barred by limitation and legally void, this is a complete defence even if the underlying ta…
- Section 78 (old 50C), Stamp Duty Value vs Sale Price: The Deemed Consideration TrapOne of the most punishing provisions in property taxation. If you sell a property below its circle rate (stamp duty valuation), the government treats the HIGHER circle…
Pay and start
₹3,999
₹3,999 + ₹719.82 GST = ₹4,718.82
One time. Delivered in 3 working days after the sale deed, cost papers and the new house documents. Due: New house bought 1 year before or 2 years after the sale, or built within 3 years; unused net consideration deposited in the Capital Gains Accounts Scheme before the return due date
- Every paid answer checked by a CA
- Fixed price before you pay
- Track every step live
- Updates on WhatsApp and in your dashboard