If one sells a property which has been held for more than 2 years, one long term capital gains. If one investsthe capital gain(not the difference between cost and sale price) within 1 year of sale or 2 years of the transaction, under section 54, 54F/FC, the capital gain is not char...
From FY 2017-18 onwards ie 1 Apr 2017 The criteria of 36 months has been reduced to 24 months in the case of immovable property being land, building, and house property. So the seller will have to check long term capital gains and he can use indexation Reply Girish on March 15, 2018...
The sale of property in India has tax implications which depend on various factors like the type of property, holding period, and the residential status of the seller. Basically, it attracts capital gains tax. Following is an overview: 1. Nature of Capital Gains Holding period i.e. ownership...
The resultant LTCG could be claimed exempt from tax if the gain is re-invested in a specified manner. One such reinvestment that qualifies for the exemption is the purchase of government-notified bonds (to the extent of the LTCG) within 6 months from the sale of the property). You need t...