Long term capital gain tax

Originally posted by : Sharat Verma
	My father wants to sell a house which he constructed in 1994 , Can he invest the amount in any other property after calculating the long term capital gain through indexation to save on tax  since he is already a CO OWNER in 3 flats with my brothers.

Yes, your father can claim exemption from Long term capital gain u/s-54 of the Income Tax Act 1961, if he invests LTCG amount in a residential house property.

which rate charge on LTCG if indexation benifit not taken ????

Originally posted by : Shubham chhajed
	which rate charge on LTCG if indexation benifit not taken ????

In case of sale of house property, the rate of LTCG tax is 20%, even if you do not claim indexation benefit.

house property including plot????

Originally posted by : Shubham chhajed
	house property including plot????

Yes, on sale of plot also, LTCG is taxable @ 20%.