Three different routes to save tax on long-term capital gains4 min read . Updated: 13 Aug 2019, 11:52 PM IST
- There are provisions under different sections of the Income-tax Act that can help you save on LTCG tax
- Capital gains exemption will be reversed if you sell the new property within three years of purchase
Just like you pay tax on income earned, selling your capital assets too invites tax. The gains made from transferring capital assets such as house, stocks and gold is subject to capital gains tax and there are certain benefits you can avail to save tax on capital gains. While there is little relief when it comes to paying short-term capital gains (STCG) tax, there are provisions to save long-term capital gains (LTCG) tax. We list out three such provisions to help taxpayers save tax.
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