Long Term Capital Gain Tax on Sale of Property in India

 If you are planning to sell a property in India, you must be aware of tax implications on the gain arising from the sale of such assets. Tax liability on these assets depends on the duration for which the property was held by the seller and is calculated under the head ‘Capital Gains’. Capital gains are classified into two categories - long-term capital gains and short-term capital gains. For example, you will have to pay long term capital gain tax on sale of property held for more than 2 years.

Manoj Negi

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