Property sale
What this means, checked by a CA
Property held over 24 months: 12.5% without indexation, or 20% with indexation if bought before 23 July 2024. We compute both and pick the lower.
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Answers on this topic
- Section 82 (old 54): Property Sale Reinvestment ExemptionSell a residential property and reinvest in another residential property, the capital gains are fully or partly exempt. The most valuable capital gains exemption in In…
- NRI Property Sale: TDS 20–30% by Buyer (Section 393, old 195)When an NRI sells property in India, the buyer must deduct TDS at 20% (LTCG rate) or 30% (STCG rate) on the ENTIRE sale consideration, not just the gain. This is the m…
- LTCG on Property, 12.5% (No Indexation) vs 20% (With CII): Choose LowerBudget 2024 changed everything for property taxation. For property purchased before July 23, 2024: taxpayer chooses between 12.5% (no indexation) or 20% with Cost Infl…
- Section 78 (old 50C), Stamp Duty Value vs Sale Price: The Deemed Consideration TrapOne of the most punishing provisions in property taxation. If you sell a property below its circle rate (stamp duty valuation), the government treats the HIGHER circle…
- REIT vs direct property: the real comparisonDirect property: Rental yield net of maintenance: 2-3%. LTCG on sale: 12.5% (no indexation from July 2024). Illiquid. Requires maintenance, tenant management. TDS comp…