Adjustment of LTCG from sale of property

Sreehari Maddipatla (5 Points)

12 February 2025  

We have purchased a flat in Mumbai about 20 years back and it has been given for rent for various reasons. About 10 years back we purchased a flat in Hyderabad near our office and we are residing there. As my husband is retired now we want to go to a more peaceful area and so booked a flat. The construction is expected to complete in the second half of 2026. We want to sell the Mumbai flat and expect a good LTCG. When should we sell to save tax on this LTCG ?

Suguna

bsuguna71 @ yahoo.com