https://www.taxtmi.com/forum/issue?id=118329 Shares of a foreign company qualify as a long term capital asset for purposes of the reinvestment exemption where the holding period criteria for long term status are met; accordingly, reinvestment of the sale proceeds in a residential property (the assessee's first house) in India can enable claiming the capital gain exemption, subject to the prescribed eligibility and holding period requirements for the exemption. en-us Mon, 16 Jan 2023 12:25:41 +0530 Thu, 23 Jan 2025 15:54:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=118329 Shares of a foreign company qualify as a long term capital asset for purposes of the reinvestment exemption where the holding period criteria for long term status are met; accordingly, reinvestment of the sale proceeds in a residential property (the assessee's first house) in India can enable claiming the capital gain exemption, subject to the prescribed eligibility and holding period requirements for the exemption. Discussion-Forum Income Tax Mon, 16 Jan 2023 12:25:41 +0530 https://www.taxtmi.com/forum/issue?id=118329