Long term capital gain

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

11 March 2014 Hi,

Need some urgent help. Can someone please confirm whether Option 2 (as mentioned below) on Sale of Commercial property is available

Option 1 - Tax @ 20% if indexation benefit is availed
Option 2 - Tax @ 10% if indexation benefit is not availed

Dintakurthi Tirumala

Dintakurthi Tirumala (Expert)
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11 March 2014 Option 2 is not available for the commercial property it is available in the case of units only(for all other assets this option not available)

Thus tax @20% shall be pay on long term Capital gain.

OM SAI SRI SAI JAI JAI SAI

Querist : Anonymous

Querist : Anonymous (Querist)

11 March 2014 Thanks Dintakurthi for your advice. However, there are contradictory views given by different authors. For eg: please visit this link https://www.taxbingo.com/capital_gains.html... it says Option 2 is available for house property. Can you please advice which option shoould I then prefer (Option 2 is more beneficial for me)

Dintakurthi Tirumala

Dintakurthi Tirumala (Expert)
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11 March 2014 The information specified in the link provided by you is not correct.

Please click on the below link it will give you clear information about it and supports your doubt.

https://www.indiataxes.com/Information/incometax/contents/capitalgains/cap_tax_com.htm

OM SAI SRI SAI JAI JAI SAI

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)
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04 October 2021 Long term capital gain over any immovable property is charged at 20% with indexation. No other option.

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