Ltcg on sale of property without indexation


(Querist)
26 June 2019
Is is possible to opt for LTCG without indexation for property sale?

A plot bought in 1999 for 50,000 was sold in 2018 for 1400000.

With indexation Capital gain comes approx 1250000 (Taxed at 20% apprx 250000)
Without indexation Capital gain is 1350000 (Taxed at 10% apprx 135000)

Can I calculate LTCG in this case without indexation and pay less tax?


CA R SEETHARAMAN (Expert)


Click to Talk 26 June 2019
The option of paying tax at 10% without indexation is only available in the case of financial assets like mutual funds and the like; it is not available in the case of immovable property – for property, the tax has to be calculated at 20.8% post indexation.


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