Capital gain tax

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

Replies (5)
Quick Summary
If you purchased a property in 1999 and sell it in 2026, Capital Gains Tax will apply. This typically incurs a Long-Term Capital Gains Tax of 20% with indexation benefits. You may also be able to reduce or eliminate this tax by claiming exemptions under Section 54 or 54EC. An alternative 12% tax rate without indexation is also an option to consider.

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

Yes, It will be attract Long Term capital gain of Property.

 

Fair market value as on 2001

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