Query on Long term capital gains?

Taxation
1

Please help me with the answers to the following queries:

  1. If I hold foreign shares (US stocks) or ETFs in the US and sell them after 3 years, I need to pay long-term capital gains tax i.e. 20% . Is there any exemption I can avail of by buying REC bonds, etc., to set off the tax, considering no STT is paid for the transaction?

2)Similarly If have shares that are unlisted and the realized gain is long-term (held for more than 2 years), can I get complete tax exemption by buying REC bonds, etc.?

  1. Is there any way to save tax on the 10% LTCG on equities?
2

Hey @Rishabh_Kapoor,

You can claim an exemption under section 54F if the long-term gains are reinvested into a house property. Here’s a detailed read: Section 54F: Exemption on sale of LTCA