Capital Gain On Sale Of Property: From Sale to Tax



Quick Summary
Selling property in India triggers capital gains tax under the Income Tax Act, 1961. Capital gain is the profit made from selling an asset above its purchase price. Property held for less than 24 months results in Short-Term Capital Gain (STCG), taxed at slab rates, while property held for over 24 months yields Long-Term Capital Gain (LTCG), taxed at 20% with indexation or 12.5% without. Special provisions exist for inherited properties and grandfathering for assets acquired before July 23, 2024.

Selling property in India involves tax implications under the Income Tax Act, 1961. Understanding the nuances of capital gains taxation is crucial for effective financial planning. Capital Gain refers to the profit or gain arising when a capital asset is sold for a price higher than its purc
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About the Author

Practice

I simplify complex income tax, TDS, banking, and investment updates into practical insights for taxpayers, salaried professionals, pensioners, and senior citizens. I regularly write on ITR filing, tax compliance, savings schemes, and the latest financial rule changes in India.

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