LTCG Tax Exemption: Let-Out & Commercial Properties Also Qualify! Know the Rules.

• LTCG exemption isn't just for self-occupied homes; let-out residential and commercial properties can also qualify.
• Under Section 54, LTCG exemption is available for residential properties (self-occupied or let-out) if LTCG is reinvested in a new residential property.
• Section 54F applies to commercial property sales; net sale proceeds must be invested in a new residential house.
• For Section 54F, the taxpayer should not own more than one residential house on the sale date (excluding the new one).
• A ₹10 crore limit applies to the cost of the new residential property for exemption calculation.

Why It Matters: LTCG tax exemption extends beyond self-occupied homes to let-out and commercial properties under specific sections.