Sorry, you cannot vote on the same answer more than once.
There are two types of tax on property in India viz Short Term Capital Gain (STCG) Tax and Long Term Capital Gain (LTCG) Tax.
If your property is less than 24 months old, then you are compelled to pay tax on selling property in India as Short Term Capital Gain (STCG) Tax depending on the income tax slab.
On the other hand, if your property is more than 24 months old, you will have to pay tax on selling property in India as Long Term Capital Gain (LTCG) Tax. It is usually 20% on the purchase rate plus a cess of 3%, if the sale fulfils certain conditions.
Your Feedback Matters! How was this Answer?
Thanks ,We got your reaction
Shifting, House?
✔
Lowest Price Quote✔
Safe Relocation✔
Professional Labour✔
Timely Pickup & DeliveryIntercity Shifting-Upto 25% Off
Check Prices
Intracity Shifting-Upto 25% Off
Check Prices
City Tempo-Upto 50% Off
Book Now
Related Questions
Most Viewed Questions
How to Download Income Certificate Online Tamil Nadu?How to calculate home loan EMI?What is MOD Charges for Home Loan?What is part period interest in SBI home loan?How to Avoid Part Period Interest in SBI Home Loan?How to check APF number online?Last 10 Years Home Loan Interest Rates in India?How to Close SBI Home Loan?How to Do Prepayment of SBI Home Loan?How to Check EPF Grievance Registration Number?See All
How to Change Email ID in PAN Card?How Much Money Can Be Transferred Through YONO SBI?What is Cooling Period in SBI YONO?How to Increase Transfer Limit in SBI YONO?How to Check Personal Loan Eligibility in SBI Yono App?How to Add Beneficiary in SBI YONO App?How to Transfer Money From YONO SBI?How to Pay Loan Amount in YONO SBI?How to Preclose ICICI Personal Loan?How to Get NOC from HDFC Bank for Personal Loan?See All
How to Download SBI Bank Statement?How to Check Which Number is Linked with Bank Account?How to Know Customer ID of IPPB ?Where is CIF Number in Central Bank Passbook?How to Activate Auto Sweep Facility in SBI Online?How to Deactivate Autopay in HDFC Netbanking?How to write application to bank manager for refund money?How to Change Mobile Number in BOB Bank Account Online?How to withdraw pension contribution in EPF?How to Change EPFO Passbook Password?See All
Recently Published Questions
What are the Documents Required for KSFE Housing Loan?Which bank provide home loan in gram panchayat?What is the Processing Fee for Home Loan Indiabulls?How much home loan can I get on 50000 salary?Can I Get Home Loan without Form 16?Can We Take Loan on Power of Attorney?How to Calculate Tenure of Home Loan?How to Close SBI Home Loan?can I take home loan on my mother property?Can I Get a Home Loan for a Chawl Room?See All
What Is Yes Bank Personal Loan Processing Fee?What are the Limitations of Credit Rating In India?How to Get Kotak Mahindra Bank Personal Loan NOC?What Is Moneyview Personal Loan Interest Rate?How Much Money Can Be Transferred Through YONO SBI?How to Get Paperless Personal Loan?How to apply Moneyview Personal Loan Online?Do Banks Call Employers for Personal Loans?What is Bank of Baroda Personal Loan Processing Fee?Which Documents Required For Personal Loan In SBI?See All
What Is Cash Advance Fee In Credit Card?What is Better than Fixed Deposit?How to Open Zero Balance Account?What details are required for bank transfer?How to waive SBI credit card annual fee?How to Reverse a Bank Transaction ?How to write application to bank manager for refund money?How to Link PAN Card to Kotak Bank Account?How to Link PAN Card with Federal Bank Account?How to Link PAN Card to ICICI Bank Account?See All
Authors Of The Question
Recently Answered Questions
What is the cost of 2BHK flat around ward no. 84, Rash Behari Area, Kolkata?
How do I choose between many interior design styles available these days? I've a 1000 sq ft 2BHK flat with ample lighting. I'm planning to renovate it for staying with my family - wife and two kids. .
How to create rental agreement online?
What's the rate of per sqft of 50 yrs old property at Shyambazar (north Kolkata)?
I want to sell my villa in Bangalore. How can I sell it fast and for a better price?
Are there resale properties available in Velachery, Chennai? Please suggest some good 2 BHK options. My budget is 40 lakhs.
Have house rents come down after lockdown in Indian cities?
Can I get to know the details about the building quality , location , connectivity, water supply, Mobile network connectivity, investment value, future return on Balaji Symphony Society at Panvel, Navi Mumbai?
Thinking to invest in a 2 or 3bhk flat in Gurgaon. Which is better Ansal Heights 86 or Ansal Hub 83?
What are upcoming developments in and around Shamshabad and what are their prospects?
What is the tax on selling property in India?
Nikhil Deshpande
1370 Views
1 Answers
4 Year
2020-10-07T13:21:18+00:00 2023-06-21T20:01:00+00:00Comment
Share