Under section 86 of the Income-tax Act, 2025, an individual or Hindu undivided family can claim…

Section 86(1)(a) of the Income-tax Act, 2025 applies where capital gains arise from the transfer of "Any long-term capital asset other than a residential house" and the net consideration is invested in one residential house in India within the specified period. Short-term assets do not qualify, and gains on a long-term residential house are dealt with under section 82 instead. This corresponds to section 54F of the repealed Income-tax Act, 1961.