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How can I save capital gains tax on selling flat?- Property Hotline
Posted
July 28, 2016
Views
16,795
Likes
98
Comments
11
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0.65%
July 28, 2016
16,795
98
11
0.65%
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3:54Now PlayingExpert: Harsh Roongta, Chartered Accountant and a SEBI registered Investment Advisor.
Question: I have invested in a 1BHK property in Magarpatta City, Pune. I plan to sell this property. How can I save on the capital gains tax?
Answer: Has it been 3 years after you have received possession of the completed property. If so, then any capital gains you make can be claimed as an exemption if you invest in capital gains Bonds (REC or NHAI) maximum up to Rs50 lakhs. You can also buy another property within 2 years of the sale to claim the exemption.
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