How and what is present method of calculation for Capital gain tax on property in Delhi city for a senior citizen if sale proceed is not invested in any form.
1 Like
Hey @KAILASH_SATTI,
When you sell an immovable property, the tax rates would depend on whether the gains were short-term (holding-period < 24 months) or long-term (holding-period > 24 months).
In the case of LTCG, tax is applicable at the rate of 20% and for STCG, tax is applicable at slab rates.
You can also claim indexation benefits while calculating your long-term gains from immovable property. Here’s a detailed read:
1 Like