Capital Gain Tax on Residential Property

Q1: Purchased a property in 2008-09. Registry done in 2011-12. What time period to be taken while doing indexation?

Q2: Also, paid some amount to freehold the property in 2011-12. Can this cost be treated as cost of improvement?

Q3: The above mentioned property is going to be sold in April 2021. Upto when can money be deposited into Capital Gain Account Scheme? 6 months from sale of property i.e. October 2021 or before due date of filing return i.e. July 2022 ?

Thanks & Regards
Replies (4)
Quick Summary
This discussion addresses key questions regarding Capital Gains Tax on residential property. It clarifies the start date for indexation when purchase and registry dates differ, whether freehold costs qualify as improvements, and the deadline for depositing sale proceeds into the Capital Gain Account Scheme.

Q1)indexation from 2008-2009
Tds deposit in which year
A1- 2008-09
A2-No you can't.
A3- within 6 months from date of sale
Ayushmita Ji,
TDS not deducted because property was of Rs. 11 lakhs.

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