Experience The NoBrokerHood Difference!

Set up a demo for the entire community

Thank You For Submitting The Form
Home / Buy and Sell / Seller / Can a new flat/apartment immediately be sold within few months after buying & completing registration and what is the profit & loss?
Q.

Can a new flat/apartment immediately be sold within few months after buying & completing registration and what is the profit & loss?

view 29Views

9 days

Comment

1 Answers

whatsapp [#222222128] Created with Sketch. Send
0 2024-12-04T21:37:54+00:00
⤺ Reply

Hi. You can sell your house immediately, but this will result in short-term capital gains tax. As per the income tax regulations, you need to hold the property for 24 months, i.e. 2 years before it comes in the category of long-term capital gains. You can then get an exemption on these long-term capital gains. So, it is better if you wait for 2 years before selling the house.

Save Lakhs on Brokerage on Selling Your House Via NoBroker!

Shifting, House?

✔

Lowest Price Quote

✔

Safe Relocation

✔

Professional Labour

✔

Timely Pickup & Delivery
inline_cards

Intercity Shifting-Upto 25% Off

Check Prices

inline_cards

Intracity Shifting-Upto 25% Off

Check Prices

inline_cards

City Tempo-Upto 50% Off

Book Now

Most Viewed Questions

What Will Happen to a Flat After 50 Years?How to calculate land area from 7/12 Maharashtra?Which apartments in Bangalore offer best-sporting facilities?Is Buying Resale Flat worth it?How to view shortlisted property in NoBroker app?Is GST applicable on resale flat?What is your experience in buying a property in a bank auction in India?How to get owner number of property we short listed?AhmedabadAre there flats available for resale in Rohan Upavan?See All

Recently Published Questions

What Happens after Completion of House Sale?What Does Completion Mean When Selling a House?When Selling a House What Does Contingent Mean?Can Single Buy Resale Flat?Does Apartments Have Resale Value?Do Flats Have Resale Value?Is RERA Applicable for Resale Flat?Can I Buy Land In Goa?How to calculate 20yr old flat cost?Is GST applicable on resale flat?See All

Authors Of The Question

profile
Getanjali Vashishth

10 Total Answers


0

0

profile

Recently Answered Questions

Why Is My Wallpaper Not Sticking To The Wall? Can You Put Wallpaper Over Wood Paneling? Can a new flat/apartment immediately be sold within few months after buying & completing registration and what is the profit & loss? What information does E Khata contain? Is it important for BDA or BBMP? How to Increase Voltage in House? How to Find Bad Wiring in House? How to Paint Powder Coated Window Frames? How to Paint a Window for Holidays? How to Paint Lacquered Furniture? How to Do Police Verification of Tenants in Delhi?
Flat 25% off on Home Painting
Top Quality Paints | Best Prices | Experienced Partners