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Wondering about CGT on sale of land? In India, capital gain from the sale of land is the profit earned from selling a plot of land. It is categorized as either short-term or long-term.
If the land is held for less than 24 months, it is a short-term capital gain (STCG) and taxed as per the individual's income tax slab. If held for more than 24 months, it is a long-term capital gain (LTCG) and taxed at 20% with indexation benefits.
Indexation adjusts the purchase price to account for inflation, reducing the taxable gain. Exemptions are available under sections like 54F if the gain is reinvested in specified assets.
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How to Avoid Capital Gains Tax After Selling a Plot?
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What is the Capital Gain From Sale of Land?
pantbc24
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2024-08-05T10:37:20+00:00 2024-08-09T14:33:39+00:00Comment
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