18 April 2026
Sir. One of my friend plan to make agreement to sale of property in cochin cost 1.5 Crores. She also plan to purchase house property around 50 lakhs from sold fund Let's me know 1 . Please advise best tax planning in above case. 2. How much amount need to pay income from capital gain tax. Please advise. With regards Binu
18 April 2026
1. Hope the holding would be more than 24 months; means gain will be LTCG. You have to arrive at LTCG after deducting indexed cost of acquisition. Deduct the cost of new HP (say 50L ) from the LTCG. Remaining if any, can be invested in Sec. 54EC capital bond to save 12.5% tax liability over the gain.