This article is limited to the tax implications of long-term capital gains, or LTCG, because short-term capital gains (STCG) on a house property are fully taxable at the applicable tax slabs. The only exemption taxpayers can get is if their income is below the taxable income threshold of ₹2.5 lakh ( ₹3 lakh in the case of senior citizens)
Tax exemption on LTCG after selling house allowed even if the new property is bought on loan
livemint.com - 30 Nov 2022 17:46
This article is limited to the tax implications of long-term capital gains, or LTCG, because short-term capital gains (STCG) on a house property are fully taxable at the applicable tax slabs. The only exemption taxpayers can get is if their income is below the taxable income threshold of ₹2.5 lakh ( ₹3 lakh in the case of senior citizens)
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