Indexation benefit on sale of property

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This discussion clarifies the availability of indexation benefits for land or building sales on or after July 23, 2024. It explores how indexation impacts capital gains tax calculations and the subsequent eligibility for capital gains exemption schemes. The advice is particularly relevant for resident individuals who purchased property before July 2024, outlining options under Section 54 for homes and Section 54F for land.

Divyesh Ajmera

Divyesh Ajmera (Querist)

10 April 2025 Is indexation available for sale of land or building on or after 23rd July, 2024? If available then one like to avail capital gain exemption scheme then on which amount need to be credited in such scheme? Whether of capital gain after deduction of indexation cost or capital gain after deduction of without indexation cost?

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)

11 April 2025 1. For resident individuals & for properties purchased before July 2024.
2. Exemption u/s. 54 for HP, for land alone sec. 54F IT act.
3. Both options are open for resident individuals.

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)

29 September 2025 Good luck..

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