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LTCG FOR SALE OF RESIDENTIAL PLOT
what is the income tax rate of LTCG for sale of residential plot sold on Nov 2019
Replies (2)
LTCG tax rate @ 20%
But you can save tax by taking exemption u/s 54 series.. ect....like by doing investment in other house Property, investment in bond ect.
But you can save tax by taking exemption u/s 54 series.. ect....like by doing investment in other house Property, investment in bond ect.
You can take exemption under section 54 series but if no exemption taken then, LTCG will be taxable under section 112 @ 20%
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