Selling a house, flat, plot, or other property in India can result in a capital gains tax liability. The tax is generally calculated on the profit arising from the sale, after deducting eligible acquisition costs, improvement expenses, and transfer-related expenses. The amount of tax you pay depends on several factors, including the property’s holding period, acquisition date, type of property, sale consideration, and eligibility for tax exemptions. For long-term property gains, the current general tax rate is 12.5% without indexation. However, eligible resident individuals and HUFs with certain older properties may benefit from a grandfathering provision that allows a comparison […]
