Income from capital gain from sale of immovable property
This query is : Resolved
Yogesh Patel
(Querist)
06 February 2020
Hello, I am NRI and have just sold my flat. Can i subtract Rs 2.5 lacs from the capital gain before paying tax. I am above 60 years old. Therefore i am eligible for Rs 2.5 lacs tax free income. Please advise on this
26 May 2020
Tax on Capital gain is paid with a Standard IT Rate applicable. Here no basic exemption is applied or can be availed.
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