Αποτελέσματα Αναζήτησης
19 Αυγ 2024 · You should not own more than one residential house at the time of sale of the original asset. This exemption will be reversed if you sell this new property within 3 years of purchase and capital gains from the sale of the new property will be taxed as short-term capital gains.
20 Αυγ 2024 · Long-Term Capital Gains (LTCG) that exceed Rs. 1.25 lakh in a financial year are subject to a 12.5% tax rate from 23rd July, 2024. For transfers made up to 22nd July, 2024, the tax rate of 10% will be applicable.
10 Σεπ 2024 · Section 54F of the Income Tax Act is one such section of the Income Tax Act that allows tax exemption on the sale proceeds from capital assets except house property if such gains are reinvested for the construction or purchase of house property.
4 Ιουλ 2024 · With effect from 2024-25, the Finance Act 2023 has restricted the maximum exemption amount under section 54to ₹10 crore. amount exceeding 10 crore shall be ignored. EXAMPLES. 1. If the long term capital gain is ₹2 crore and cost of new house is ₹ 3 crore then entire capital gains of ₹2 crore is exempt. 2.
10 Σεπ 2024 · Contents. What are Capital Gains Tax on the Sale of a Property? What is Capital Gain Tax on Property Sale? LTCG and STCG Rates in 2023-24 and 2024-25 - Comparison. What are Tax Exemptions on Capital Gains on Property Sales?
22 Αυγ 2024 · The exemption limit to Rs.1.25 lakhs has been increased for the whole of the year, whereas the tax rate changed on 23rd July 2024. The tax on other assets is reduced from 20% to 12.5% with effect from 23rd July 2024.
10 Σεπ 2024 · Section 54: If the gains from selling a residential house are reinvested in another house property within 1 year before or 2 years after the sale date, or if the new property is constructed within 3 years from the sale date, the entire amount is exempt from tax.
