Can I avoid LTCG by reinvesting my stock/MF profits into real estate?

Taxation
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I have stocks and mutual funds in my portfolio. I do not own a house currently. I am planning to buy a home now.

I wanted to know if, under the current tax rules, can I avoid LTCG by reinvesting my profits from sale of stock/MF into my first home?

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Yes, you can avoid the LTCG tax by claiming exemption u/s 54F of the Income Tax Act.

Check out this article for a detailed understanding

Section 54F: Capital gains can be invested multiple times to buy a new residential house property - Tax2win.

@Quicko can confirm/add to this.

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Hi @naveenm31,

Yes, you can reinvest the sale amount into a house property and claim exemption u/s 54F. There are a few conditions though, here’s an article that covers it in detail.