LTCG ON SALE OF RESIDENTIAL LAND

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Discussion on LTCG on sale of residential land and available exemptions. Expert clarified that exemption u/s 54F may apply if conditions are met, 54EC investment is capped at Rs 50 lakh, and excess is taxable. Brokerage paid on sale can be deducted as expense but without indexation benefit.

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(Querist)
08 January 2026 ..............................
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Dhirajlal Rambhia

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Dhirajlal Rambhia (Expert)
08 January 2026 By purchase if any residential property, exemption u/s. 54F can be applied...
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sundeep

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sundeep (Querist)
08 January 2026 .............................////////////////////////////////////////
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Dhirajlal Rambhia

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Dhirajlal Rambhia (Expert)
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.
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sundeep

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sundeep (Querist)
09 January 2026 ON THIS SURPLUS AMOUNT CAN I DEDUCT BROKERAGE AND APPLY INDEXATION (AS PROPERTY IS VERY OLD) FOR CALCULATION OF LTCG
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Dhirajlal Rambhia

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Dhirajlal Rambhia (Expert)
10 January 2026 Brokerage paid at the time of sale can be deducted without any indexation.
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