11 thoughts on “How to Save Long Term Capital Gains Tax from Property?”

  1. Hello, May I ask you 2 questions as follows,
    1) Daughter has taken a housing loan from HDFC Ltd under NRE scheme, I am a co-borrower for that loan. Presently she is unable to service the EMI’s and I gifted her the complete loan amount by selling my flat to close the loan account. Do I have to pay for the capital gain tax?
    2) In case, I want to invest the flat sell money to buy a resell apartment jointly with her in another country, can 54F clause be applied on the investment in housing (first buy ) in other country and capital gain will be waived?
    Thanks ,
    SPM

  2. I am planning to sell my house and invest the the capital gain amount in capital gain account in bank. Can I use this capital gain amount to buy land first and then construct the house ? Land will be from one person and house construction from another builder. Let me know if this is possible?

  3. SIR, MY FATHER PURCHASE A PROPERTY IN 2001 IN RS. 370000. AND MY FATHER WAS EXPIRED ON 02/02/2011. AND THAT PROPERTY ARE SALE ON APR-2018 IN 2200000/-. KINDLY HELP HOW MANY TAX ARE PAY ON ITR RETURN.

  4. Sir,
    Capital gain accrued from sale of property calculated through your calculator is 4 lakhs.

    Suppose, i intend to invest in 54EC and buy bonds for 4 lakhs.

    Question. After five years, is the principal viz 4 lakhs again taxable? I am clear that interest is taxable. Pl advice

  5. If the property is held jointly by Husband and Wife, can be split the LTCG equally between them? This will reduce some tax burden. Pls explain.

    1. Yes you can split the capital gains among you based on share in property or share of contribution both have in purchasing it.

      1. Ronit Kirtganhalli

        Can you please elaborate on this, say the property (plot) was purchased at Rs. 1,20,000 in May 2003 jointly registered in husband and wife’s name and current market value is Rs 1,50,00000 on May 2019 what will be the capital gain tax liabilities if it is not reinvested in any section under 54 or 54EC.

  6. JAMBULA KAMAL REDDY

    I have sold my flat in sept. 2017 at Rs. 32 L, whereas i have purcahsed the same at 30.01 L in may 2013. Is there any form that i can availe the Loss of this long term investment.
    regards
    kindly help me in this at 8919459919

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