Gain can be Short Term or Long Term   

STCG = If sold within 24 months  

LTCG = If sold after 24 months  

STCG Tax = As per slab rates  

No exemption available on STCG tax   

LTCG Tax = 20% with indexation benefit  

LTCG 

4 cr - 1 cr = 3 cr 

4 cr - 3.17 cr = 83 lacs   

2 ways to save LTCG tax  Invest in other residential property 

Condition 1 - Invest within 2 years after or 1 year prior 

Condition 2 - Can invest only in 1 property 

Condition 3 - Can not sell this  property for next 3 years Deposit LTCG amount in Capital Gains account before filing your returns  

2. Invest in Specified Bonds NHAI bonds or REC Bonds 

Condition 1 - Invest within 6 months 

Condition 2 - Max investment allowed is 50 lacs  

Start e-Filing Fill in the details and our Income Tax Filing experts will get in touch with you.  Hassle-Free Online ITR Filing with Fintoo! visit - https://bit.ly/3gUwIS3

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