- How the capital gain is calculated on sale of a property?
- How income tax is calculated on capital gain on sale of property?
- What are the avenues in which we have to invest to avoid income tax on capital gain on sale of property?
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Income tax on capital gain from sale of property
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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
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