Capital Gains Tax Summary

Asset Type Property
Purchase Value ₹15,00,000
Sale Value ₹25,00,000
Holding Period 18 months (1 year 6 months)
Gain Type STCG (Short-Term Capital Gain)
Total Capital Gain ₹10,00,000
Exempt Amount Nil
Taxable Gain ₹10,00,000
Tax Rate 30% + 4% cess
Capital Gains Tax (inc. cess) ₹3,12,000

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Frequently Asked Questions

How is LTCG on property calculated with indexation?

For property held over 24 months: Indexed Cost = Purchase Price × (CII of sale year / CII of purchase year). Gain = Sale Price − Indexed Cost − Expenses. Tax = 20% + 4% cess on the indexed gain. Indexation can significantly reduce your taxable gain, especially on properties bought 10+ years ago.

Can I save LTCG tax on property under Section 54?

Yes. Under Section 54, LTCG from one residential property can be exempted if reinvested in another residential property within 1 year before or 2 years after sale (or 3 years if constructing). The new property must be in India. You must not sell the new property within 3 years.

What is Section 54EC for property LTCG?

You can invest LTCG (up to ₹50 lakhs) in specified bonds — NHAI or REC bonds — within 6 months of sale to get full LTCG exemption. These bonds have a 5-year lock-in and earn 5.25% taxable interest. Useful when you don't want to reinvest in property.

Is STCG on property taxed at flat rate or slab?

STCG on property (held ≤ 24 months) is taxed at your applicable income tax slab rate — unlike equity STCG which has a flat 15% rate. If you're in the 30% bracket, that rate applies to your entire gain from the sale. This makes short-term property sales significantly less tax efficient.

Do NRIs pay different capital gains tax on Indian property?

NRIs pay the same capital gains tax rates, but TDS rules differ significantly. Banks must deduct TDS of 20% on LTCG property purchases from NRIs (Section 195). NRIs can claim refund via ITR if actual tax liability is lower. They can also apply for a lower TDS certificate from the Income Tax department.

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