Manish Jain (Software) (17 Points)
03 May 2025I bought a property in 2002 for 3 lakhs and sold for 20 lakhs in Apr'25.
Can you suggest capital gain calculations considering indexation and recent changes in tax rules ?
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(193758 Points)
Replied 03 May 2025
If the property is land or building, purchased in 2002, then resident individual can get the benefit of indexation while paying LTCG tax liability over it.
Manish Jain
(Software)
(17 Points)
Replied 03 May 2025
It was an apartment. Will it be considered as land or building ?
Someone was suggesting if sales value is less than 50 lakhs, there is no tax. Is it true ?
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(193758 Points)
Replied 03 May 2025
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