LTCG on sale of house proceeds
This query is : Resolved
Quick Summary
PARDEEP KAPIL
(Querist)
05 June 2025
Dear Sirs : One of my cliend purchased residential plot on June 2019 for Rs.28 lakhs and selling now for Rs.1.80 crores. As per new tax regime LTCG is Rs.1,52,00,000. Now he buys new property for Rs.50 lakhs and invest in bonds (lock in period) Rs.50 lakhs. Balance LTCG is now Rs.52 lakhs. My query is that can use the balance Rs.52 lakhs for other personal purposes, gifts etc after paying income tax of 12.5 % on Rs.52 lakhs... Kind regards
Dhirajlal Rambhia
(Expert)
05 June 2025
Yes, eligible.
Dhirajlal Rambhia
(Expert)
28 September 2025
Good luck.....
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