This discussion explores the calculation of Capital Gains Tax on property sales. It details a scenario involving the purchase and sale of two properties, questioning the Long Term Capital Gains (LTCG) tax implications on the second home sale. The user believes there's no LTCG tax liability on the second property, seeking confirmation or guidance on the tax owed.
15 March 2025
I had purchased Flats in surat in jan 2014 in 40 lakhs Rs and sold in Jan 2018 in 1.5 crs.and again purchase new house in march 2018 of 1.5 crs.and sold in Jan 2025 in 1.6crs how mu h capital gain I have to pay.