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How is capital gains calculated on selling ancestral plot?- Property Hotline
Posted
September 15, 2016
Views
1,950
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7
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September 15, 2016
1,950
7
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6:39Now PlayingExpert: Samir Kanabar, Partner -Tax and Regulatory Services at EY
Question: I own an ancestral property. If I sell it at the market price, then how will my capital gains be calculated?
Answer: If the property is held for more than 3 years, capital gains arising from sale of such property shall be long-term capital gains taxable at 20% (with indexation).
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