LTCG ON SALE OF RESIDENTIAL LAND
This query is : Resolved
Quick Summary
08 January 2026
By purchase if any residential property, exemption u/s. 54F can be applied...
08 January 2026
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08 January 2026
There is cap of Rs. 50 L for exemption u/s. 54EC, above that you need to pay tax, no additional option available.
09 January 2026
ON THIS SURPLUS AMOUNT CAN I DEDUCT BROKERAGE AND APPLY INDEXATION (AS PROPERTY IS VERY OLD) FOR CALCULATION OF LTCG
10 January 2026
Brokerage paid at the time of sale can be deducted without any indexation.
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