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Reducing Capital Gains and TDS in ITR

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Venkatesan V

63 Points Posted on 03 January 2026

Hello All,

I own an Apartment which was registered jointly with my wife in october 2001.The Sale deed shows Only 3.85 lakh - UDS- (guideline 4.70 lakh) and the Total payment was 18 lakh. I am a senior citizen and like to sell off this apartment and settle down in a temple town and have already purchased a 1BHK apartment in Joint names by using my Fixed deposits (25 lakh) - registered in May 2023, and payment completed in October 2024 .

we have found a buyer going for a bank loan and mostly the sale would be completed for 55 lakh in Mar-April 2026.

How to calculate the Long Term Capital Gains and cost of indexation.

would like to get expert opinions for reducing the Capital gains tax, and how to show these details in ITR and also claim TDS on the sale.

Thanks in advance,

Replies (2)

Quick Summary

Query on LTCG calculation for jointly owned property sold in 2026, including indexation, exemption options, and TDS claim in ITR. Advice suggests claiming exemption via investment in new residential property under capital gains provisions.