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Home / Taxes / If I sell my SRA property , am I liable to pay Long term capital gain tax
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If I sell my SRA property , am I liable to pay Long term capital gain tax

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Mumbai
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0 2022-07-14T21:09:44+00:00
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Hi,

Yes, you are liable to pay Long Term Capital Gains Tax if you sell your SRA property. If the allocation involved the alienation of a right of ownership that the assessor had, the cost of acquisition must match the value of that alienation. You should be aware, however, that SRA flat owners are only permitted to sell their complimentary tenements five years after the date that their shanties were destroyed.

I hope you were able to find your answer here.

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