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Long Term Capital Gain Tax for F Y 2025-26

Tax planning 582 views 2 replies

vinay

accountant

58 Points Posted on 17 March 2026

for F Y 2025-26 if Residencial property LTCG of Rs 5300000/- in case of joint owner ship means each owner 2650000/- gains 1 my question is if not buy property up to 31 july 2026 then we can open capital gain account single and deposit in each account 2650000/- 2 we can purchase of Rs 5300000/- in joint 3 we can purchase of Rs 2650000/- each owner for saving of capital gain accounts

Replies (2)

Quick Summary

In joint property LTCG, tax and Sec 54 exemption apply individually based on ownership share (not always 50:50). Each owner can invest separately or jointly, and must deposit their share in separate CGAS accounts if not utilized before the due date.

Aashok FC Advisory

Finance Compliance Consultant

1013 Points Posted on 17 March 2026

For a joint residential property sale in FY 2025-26 generating a total LTCG of ₹5,300,000, each owner is individually assessed for their ₹2,650,000 share. To secure the Section 54 exemption, the owners have the flexibility to either deposit the funds into individual (not joint) CGAS accounts by July 31, 2026, jointly buy a single new property worth at least ₹5,300,000, or independently buy separate properties worth at least ₹2,650,000 each.