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LTCG on Sale of Building

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ATUL (Querist)
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23 March 2025 MY CLIENT (FARMER...HAVING AGRICULTURE LAND ) JOINT OWNER OF.............BLDG SINCE 1954

IF BLDG IS SOLD.............IN HIS SHARE GOT AMT

TO SAVE...LTCG

PARTLY INVEST IN........RESIDENTIAL FLAT (READY POSSEION)

& PARTLY AMT................USE FOR PURCHASE OF...........3 DIFFERENT.......AGRICULTURE LAND

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)
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23 March 2025 Calculate LTCG of the building based on indexed value as of circle rate of 01.04.2001. If the amount is invested in the new residential flat, the tax liability will be nil. Investment in agricultural land will not qualify for exemption.

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)
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30 September 2025 Good luck....

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