Capital gain tax

Tax queries 138 views 3 replies

Property purchase during 1999 and sold 2026 is capital gain tax applies.  

Replies (3)

Yes

Since property purchased before 2000... valuation report must as on 1/4/2000 for capital gains

 

You bought the property in 1999 and sold in 2026
✔ It attracts Long-Term Capital Gains Tax @ 20% with indexation
✔ Exemptions under Section 54 or 54EC can reduce or eliminate the tax.

Sir.

12 percent tax without indexation also available....may be more beneficial...check


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