Income tax on capital gain from sale of property

capital-gains-calculator-property

tax-on-sale-of-property

long term capital gai taxable @ 20% and short term capital gain taxable as per applicable slab rate. If long term capital asset then indexation benefits allowed to calkculate capital gain. Further long term capital gain tax are exempt if invested in purchase or construction other house or invested in bonds specified under section 54EC.

for more clarification contact- CA umesh kumar- 9717597230