How much capital gain is tax-free on property?

The exemption limit of capital gains tax on property is capped at Rs. 10 Cr effective from 1st April 2023.

How do I avoid capital gains tax on the sale of property?

Capital gains derived from the residential property sale can be exempted from the tax under section 54 of IT act, 1961. But, the condition is the capital gains should be reinvested in constructing another residential asset.

What is the time limit for paying capital gains tax?

The time period for long-term capital gain tax on property is 1 year for equity-oriented assets and more than three years for non-equity assets.

What is the holding period of property for capital gains?

For long-term capital gains the holding period is more than 24 months and for short term capital gains it is less than 24 months.

Tag: Capital Gains Tax on Property

capital gains tax on property types calculations and exemptions

Capital Gains Tax on Property: A Complete Manual for Beginners!

Priyanka Chaudhari

March 4, 2025

Finance

Investing in an immovable asset, like house or land, is one of the most valuable investments ever. Property is a lucrative investment, but it is associated with tax implications—one of which is Capital Gains Tax (CGT). Doesn’t matter if you own a house, invest in real estate, or run a business; knowledge of capital gains… Continue reading Capital Gains Tax on Property: A Complete Manual for Beginners!