Capital Gains Tax on Property Sale
FY 2024-25 Latest Guide
When selling real estate, understanding capital gains tax rules ensures maximum savings and peace of mind. The Indian tax regime for FY 2024-25 has brought important updates for property owners:
Applies if property is sold within 2 years of purchase.
Taxed at the seller’s applicable income tax slab rate.
No indexation or special exemptions available.
Applicable for property held more than 2 years.
Uniform tax rate of 12.5% now applies (Budget 2024), without indexation.
For property acquired before 23 July 2024, taxpayers can choose between 20% tax with indexation or 12.5% without indexation—select whichever yields the least tax.
Exemption limit raised: First ₹1.25 lakh of LTCG is tax-free per financial year.
Example Calculation
If a property bought in 2017 for ₹20 lakhs (improved for ₹2 lakhs) is sold in August 2024 for ₹60 lakhs:
Eligible for LTCG at 12.5%, or 20% with indexation if the purchase was before 23 July 2024.
Correct documentation and calculation ensure significant tax savings.
Section 54: For individuals/HUFs selling a house and buying another in India within prescribed timelines.
Section 54EC: Reinvest LTCG in specified bonds within 6 months.
Section 54F: Sale of any asset (except residential house) and purchase of 1 residential house.
Fair Market Value as of 1 April 2001 is considered for property purchased before that date.
NRIs are subject to the same LTCG regime.
Senior citizens get the same rates and options as others.
Carry forward and set-off rules apply—ITR must be filed before due date to claim losses.
Personalized tax planning for property sales aligned with current laws.
In-depth guidance on documentation, calculation, and all eligible exemptions.
Expert support to file the correct ITR form (usually ITR-2 for property/gold sales).
Strategic advice for reinvestment options and capital gains minimization.
Navigate your 2025 property sale with confidence—trust Kopparam and Associates for professional, up-to-date capital gains tax solutions.
https://cleartax.in/s/capital-gain-tax-on-sale-of-property-shares-gold
https://www.bajajfinserv.in/investments/understanding-long-term-capital-gains-tax
https://1finance.co.in/blog/capital-gains-tax-stcg-ltcg-2024-25/
https://www.bajajfinserv.in/investments/understanding-short-term-capital-gains-tax
https://tax2win.in/guide/calculate-capital-gains-tax-on-shares
https://www.kopparam.in/blog/taxation-on-capital-gains
https://www.justdial.com/Bangalore/Property-Tax-Consultants-in-Kurubarahalli/nct-10393047
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