A comprehensive guide to saving LTCG Tax on property sale: Understanding Sections 54, 54EC, and 54F - Strategic Planning to Minimize LTCG Tax Liability

To save on long-term capital gains (LTCG) tax from property sales, the Income Tax Act offers several options. Under Section 54, reinvesting in a new residential house helps avoid tax, Section 54EC allows investment in specific bonds, and Section 54F gives relief if the entire sale proceeds are invested in a new home. Each of these sections outlines distinct ways to claim tax exemption on LTCG from property transactions. Strategic Planning to Minimize LTCG Tax Liability