LTCG FOR SALE OF RESIDENTIAL PLOT
RAMAPRASAD (MBA) (246 Points)
07 September 2020
what is the income tax rate of LTCG for sale of residential plot sold on Nov 2019
2 Replies
Sagar Patel
(Tax and Business Consultant)
(11611 Points)
Replied 07 September 2020
LTCG tax rate @ 20%
But you can save tax by taking exemption u/s 54 series.. ect....like by doing investment in other house Property, investment in bond ect.
But you can save tax by taking exemption u/s 54 series.. ect....like by doing investment in other house Property, investment in bond ect.
Harshit Jain
(132 Points)
Replied 08 September 2020
You can take exemption under section 54 series but if no exemption taken then, LTCG will be taxable under section 112 @ 20%
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