Capital gain tax on property sell

Yes, you can claim exemption u/s. 54 IT act, 1961.

Thanks is there any time stipulation , please specify as I bought the flat.earlier my sell.

Once again many thanks for the information.

T k Ghosh 

As per the section 54, you can purchase new flat within one year from the sell of original flat.

Sorry sir in my case I have already purchase the new flat before selling of old flat. In my case how Section 54 will help me please giide me.

Thanks for your time.

T k Ghosh 

Yes, exemption u/s. 54 IT acrt is applicable in your case; as the time limit is specified as one year before to two years after the sell of original flat.

Is that mean that I have to sell my old flat (22 yrs old) within 1 year of purchase of new flat. I purchased new flat on November 2025 so I have to sell the old flat within November 2026 to get the benefit. If I failed then what will be  the capital gain tax rate can anyone told me. I am a retired person and my total yearly earnings is below Rs 12.00 lakh. 

Many thanks and waiting for your valuable remarks.

Thanks

T K Ghosh

Yes, purchase HP within one year, or LT CG tax liable at 12.5% without indexation or 20% with indexation.

Thanks for your quick response.

You are welcome.