Hi
LTCG is chargeable to tax @20% with indexation only. There is no option to pay taxes @ 10% without indexation.
I have recently sold a property. On calculation of LTCG ,the tax payeble is substantially more after Indexation(@20%) than without Indexation (@10%). Can I pay LTCG tax without Indexation?
Hi
LTCG is chargeable to tax @20% with indexation only. There is no option to pay taxes @ 10% without indexation.
Hello,
There is no option to pay tax on LTCG without indexation arising from the sale of a property.
The 10% LTCG without indexation is applicable to the sale of equity shares if the gains in a financial year exceed Rs 1 lakh.
I hope this answer satisfies your requirements.
Regards,
CA Hunny Badlani
No there is no such option available for sale of property.
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Thank you.
Dear Sir,
Hope you are doing well !!
It is applicable only to the sale of equity shares.
There is no such option available for sale of property.
Dear Sir,
Long term capital gain on sale of Property is taxable at the rate of 20% and no such option available to pay tax at the rate of 10%.
Tax Rate on long term capital gain in case of Equity Shares is 10% without Indexation.
Thanks and Regards
Divya Chugh
10% rate on capital gain is applicable on certain specific assets and not on sale of property. Rate applicable on property will be 20% after indexation. You can save upon the tax after investing in property within a period of 2 years from the date of sale or property under construction within 3 years from sale date.