Sorry, you cannot vote on the same answer more than once.
Selling and buying property these days has become very easy. At the click of a button, you will find hundreds of options to buy as well as sell a property. As there are many online realty websites available, it has become quite effortless unlike the olden days, where people used to go to a broker and ask him to find a suitable buyer or seller.
Now, the most important part, there is an added benefit if you sell and buy a property simultaneously. Be it Short Term Capital Gain (STCG) or Long Term Capital Gain (LTCG), you can be exempted from it if you buy a property within 24 months from the date you sold your property. However, to save the entire tax, you will have to reinvest the entire amount. If you don’t want to invest the entire amount, then the LTCG/STCG will be applicable depending on the remaining amount.
There is another important factor. You cannot be exempted from the exemption from capital gains under section 54F is that you should not be holding another property or any other similar asset while you are transferring the property. However, you can be eligible for the tax exemption if you have bought the property 12 months prior to selling the property. According to the law, you are allowed to re-invest in a new property even before selling the old one if it is bought 12 months prior.
Your Feedback Matters! How was this Answer?
Thanks ,We got your reaction
Shifting, House?
✔
Lowest Price Quote✔
Safe Relocation✔
Professional Labour✔
Timely Pickup & Delivery
Intercity Shifting-Upto 25% Off
Check Prices

Intracity Shifting-Upto 25% Off
Check Prices

City Tempo-Upto 50% Off
Book Now
Leave an answer
You must login or register to add a new answer .
Related Questions
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?AhmedabadHow to Calculate Price for a Resale FlatSee All
Difference Between Warehouse and GodownWhat is Commercial Property?What things to keep in mind while buying commercial shop in mall? I want to buy with budget 50 Lakhs.How to Calculate Warehouse Cost Per Square Foot?What is the Rental Yield for Commercial Property?What Type of Commercial Property is Most Profitable?How to Sell a Restaurant?How to buy shop in mall?How Much is the Commercial Rent Per Square Foot in Hyderabad?What is the Commercial Rental Yield in Bangalore?See All
What is Real Estate Broker Commission?How to Calculate Market Value of Property?How to know the price of an old flat?Can an outsider buy property in Himachal?What is landmark in address?Difference between Mumbai city and Mumbai SuburbanWhat is Locality in Address ?What is RERA Carpet Area?What is Correspondence Address?What is 1 RK?See All
What are the reviews of Prestige Song of the South, Begur Road, South Bangalore?What Are The Reviews Of Sancia Raaga, Patighanpur, Hyderabad?What Are The Reviews Of Janapriya Y Junction, Moosapet, Hyderabad?Any opinion on My Home Vihanga purchase?What is the Pride Boston Review Dhanori Pune?Is it worth buying a flat in Sheth Vasant Oasis?What Are The Reviews Of Shriram Mangalam, Mangadu, Chennai?What is the Sumadhura Folium Review Bengaluru Karnataka?What is Piramal Vaikunth Thane Review? Is it good for investment?What Are The Reviews Of Casagrand Royale Phase 2, Sholinganallur, Chennai?See All
How to Download Community Certificate Online in Tamil Nadu?Is MHADA launching affordable housing scheme in May 2021 in Mumbai?How to apply for pradhan mantri awas yojana?How to Apply for BDA Sites in Bangalore Online?How to get assessment id for pmay?What are upcoming MHADA lottery 2021 Mumbai dates?How to Check KHB Application Status?प्रधानमंत्री आवास योजना कब तक है ?How to apply for BDA sitesHow to apply double bedroom house in Telangana?See All
1 बीघा में कितने स्क्वायर फिट होते हैं?1 एकड़ में कितना बीघा होता है?1 बिस्वा में कितने फुट होते हैं?How to buy land on moon from India?How Much Land Can a Person Own in India?1 बीघा में कितने बिस्वा होते हैं?1 बीघा में कितने मीटर होते हैं?1 गज में कितना फुट होता है?How to Calculate Area of Land with Unequal Sides?What is the Cost of One Acre Agriculture Land in Karnataka?See All
Recently Published Questions
Which localities have good resale flats in Kukatpally, Hyderabad?Can you Please Share how I can Sell my Flat?How to Get a 2 BHK Resale Flat in Gota, Ahmedabad?What Will Happen to a Flat After 50 Years?Want to buy a independent house in Mehdipatnam HyderabadWhich are the best mega apartments in Miyapur, Hyderabad?Which are new apartments in Kukatpally?What to Fix When Selling a House?Which Localities Near Habsiguda have Independent Houses on Resale?Which Localities Near Pragathi Nagar, Hyderabad have Good Resale Flats?See All
I want to Sell my Agriculture Land Quickly. How to do it?How to Rent Out My Plot to Mobile Tower Instalation?I Have Commercial Property for Rent. How to Give?I Want to Sell My Farm. Can You Help?Should I Lease or Sell my Commercial Property?What Do I Need to Rent a Commercial Space?Want to give Land for College building around Bangalore Airport, 25-30 Acres. Property has access to good roads.I am a Builder. I build Commercial Properties in Surat. I want to Sell or Rent or Lease them. Can I Post them on NoBroker?How to Rent out Property for tower?Will Commercial Property Prices Rise?See All
What is BIAAPA Approval?How to hold of ownership flat in Mumbai?Why is the Tertiary Sector Becoming so Important in India?How Big is a 500 Sq Ft Apartment?Top 10 Property Websites in India?How Many Metro Cities in India?How Many Floors are Allowed in Delhi?Is Buying a Second Home a Good Investment?Is 1 BHK a Good Investment in Bangalore?Are Branded Residences the Future of Luxury Real Estate in India?See All
What are the Hubtown Rising City Reviews, Ghatkopar East, Mumbai?What are the Inspira Aura Reviews, Borivali West, Mumbai?What are the Urbando Evorise Reviews, Chennai, Perumbakkam?What are the JPV Pratap Adinath Reviews, Borivali West, Mumbai?What are the reviews of Runwal 25 HR Life, Thane West, Thane?What are the Amber One Reviews, Dombivli East, Mumbai?What is the Hallmark Treasor Progress?What are the Amrutha Platinum Towers, Whitefield, Bengaluru Reviews?What are the Mahindra Antheia Reviews, Pimpri Colony, Pune?What are The Metrozone, Anna Nagar, Chennai Reviews?See All
Why DDA Flats are so Costly?What is CIDCO Naina?Is DDA Under Central Government?What is the CIDCO Lottery 2025 Price?How to Calculate CIDCO Transfer Charges?How to apply for CIDCO Housing Scheme 2021?What is the DDA Flats Scheme 2025 Last Date to Apply?How to Apply to the DDA Housing Scheme 2025 Online?What is the last date for MHADA registration 2025?How to Apply MHADA Lottery 2025See All
What is the Price of 1 Acre Land in Pune?How to Calculate Plot Area?How Many Square Feet in 100 Gaj?What is FTL land?What is the Cost of BDA Sites in Bangalore?How Many Square Feet in One Bigha?What is the Size of a Half Acre Lot?How to verify DC conversion?What is the Cost of 1 Acre Land in Gurgaon?How to check land conversion status in Karnataka?See All
Authors Of The Question
Recently Answered Questions
30*40 plot in Hegde Nagar, Bangalore
What is 2bhk house rent near Devanahalli?
I want to sell my 5 years old constructed duplex house in Naganathapura Doctor's layout. The house has Italian marble flooring, is fully furnished and has a terrace garden. Currently, we also get 20 thousand rent for the house.
How to sell my land in Arakkonam Ulliayambakam village?
want to sell old house and buy new property
What is the current rental value in 1BHK in Anandam flat in Sidco Villivakkam Chennai?
I want to sell my open land located in piglipur area behind mount opera
Kalpataru Estate jvlr
Want to buy a house in Mangalore, is it worth buying, which area in Mangalore is good to buy a property and what will be the price of a flat in a new building
What is 1BHK rent in JP Nagar, Bangalore?
want to sell old house and buy new property
Rakesh A Kulkarni
1125 Views
1
4 Year
2020-12-20T16:58:12+00:00 2020-12-20T22:54:07+00:00Comment
Share