LTCG income is taxed at a flat rate of 20% plus applicable surcharge (restricted to 15% on LTCG) and education cess
Listen to this article
My father bought a property for ₹1 crore in July 2008 and gifted it to me in May 2014 after paying the necessary stamp fees. The property was sold for ₹14 crore in November 2021. I want to know how the long term capital gains (LTCG) tax will apply in this case? Also, how will tax be computed If either 70% or 90% of capital gains is invested in new property? Can I invest in a property which would be handed over to me in March 2025?
Recommended For You
Select your Category
Internet Not Available
Wait for it…
Log in to our website to save your bookmarks. It'll just take a moment.