Tax planning
Property sale computation, 12.5% or 20% with indexation for property bought before 23 July 2024, Sec 112
- If you are a resident and sell a property bought before 23 July 2024, the law lets you pay the lower of 12.5% on the plain gain or 20% on the gain after indexation.
- Deadline: Before the sale for planning; advance tax in the quarter of sale; return by the due date
- Done in 3 working days after sale deed, purchase deed and cost proofs
- Prepared by your Savvy, checked by a CA
- Sale deed and agreement to sell
- Are you a resident individual or HUF this year?
- Fix sale value
- Side-by-side computation of both options
Property sale computation, 12.5% or…
Before the sale for planning…
- IWhat we need from you7 documents
- DQuestions for you5 questions
- FForms7 steps
- DWhat you getSide-by-side computation…
Answer in brief
If you are a resident and sell a property bought before 23 July 2024, the law lets you pay the lower of 12.5% on the plain gain or 20% on the gain after indexation. We compute both, pick the lower, and report it correctly in your return.
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How we solve it: 4 steps
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Step 1 of 4 · What we need from you
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- Sale deed and agreement to sell
- Stamp duty value on sale
- Purchase deed and payment proofs
- Improvement bills with yearsOptional
- Previous owner's deed, if inheritedOptional
- Valuer report and 2001 circle rateOptional
- Residential status and ownership share
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Answers on this topic
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- LTCG on Equity Shares and Equity MF: 12.5% (Section 198, old 112A)The most frequently triggered capital gains for salaried investors. Budget 2024 raised rate from 10% to 12.5% and raised the exemption from ₹1L to ₹1.25L. Both equity…
- 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…
Pay and start
₹4,999
₹4,999 + ₹899.82 GST = ₹5,898.82
Per event. Delivered in 3 working days after sale deed, purchase deed and cost proofs. Due: Before the sale for planning; advance tax in the quarter of sale; return by the due date
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