Poonawalla fincorps

Capital gains on sale of residential property_Amendment

This query is : Resolved 
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(Querist)
02 September 2024 Dear experts,

Individual is selling a residential property in Sep 2024. This is bought in the year 2006.

Now as per recent amendment, option is available to seller :

- 20% on capital gains with indexation

OR

- 12.5% on capital gains without indexation

which ever is beneficial to the seller

Is the above interpretaion correct?

Also different exemptions available after further investestment in assests exists? irrespective of option undertaken?

Pls advice

Regards,
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Dhirajlal Rambhia

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Dhirajlal Rambhia (Expert)
02 September 2024 1. Yes, you are correct.
2. Yes, exemptions on LTCG available under both options.

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