How to save capital gains on property

350 views 5 replies
  • ISir

My i have sold a property in ay 2016-17 which was purchased in ay 2008-09. Now i have to pay capital gains around to 200000 what should I do to save this tax. 

What types of improvement cost can be considered for 

Replies (5)

if it is house property than best way to avoid tax is investing in new house property with in 2 years or construct new propoerty with in 3 years. Hence it is a long term capital gain hence exemption u/s 54 can be claimed. Also used indexation for calculating capital gain. by applying Cost Inflation Index.

Which costs can be considered for improvement cost and can be indexed. 

Cost incurred for repairing and renewation of house such as any plastering, painting cost etc.and indexation benefit will be given by applying Cost inflation index in which such improvement has been undertaken and CII of that year in which such assets is transferred.

Whather new house is purchased on loan then exemption u/s54 available. 

If other conditions as per the section are satisfied, exemption u/s. 54 can be availed even when the same is purchased on loan.

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
25 June 2026
Accounts & Taxation Executive

Dindukurthy & Associates

Hyderabad

MBA

View Details
Company
22 June 2026
Accountant

Global Image Technologies Private Limited

New Delhi

MBA

View Details
Company
09 June 2026
Accounts Associate

S Madan and CO

New Delhi

Graduate (Any)

View Details
Company
24 June 2026
Chartered Accountant - GST & Direct Tax

APL

Mumbai

CA

View Details
Company
ARTICLESHIP 28 June 2026
Article Assistant

Sharma Chetan And Company

Gurgaon

CA Inter

View Details
Company
Featured 24 June 2026
HEAD - AUDIT AND TAXATION

A R JADHAV AND ASSOCIATES

Mumbai

CA Inter

View Details
Company
ARTICLESHIP 24 June 2026
CA Article Trainee

Rahul Dang & Associates

Pune

CA Inter

View Details
Company
ARTICLESHIP 27 June 2026
CA Articled Trainee And Paid Assistant

SKAA & Associates

New Delhi

CA Inter

View Details