Understanding Long-Term Capital Gains Tax on Property and How Real Estate Developers Can Assist
Feb 26, 2025
New Delhi [India], February 26: The Indian tax system can often feel complex, with multiple laws and exemptions and a clear understanding of these can make a significant difference in one's earnings. This is especially true in the case of capital gain tax, where taxpayers are mandated to pay a tax on profits made from selling an asset - bonds/ shares/ commodities or property. Long Term Capital Gain Tax (LTCGT) on property refers to tax levied on profits earned from selling property - commercial, residential, or even plots, held for more than 24 months. Post the Union Budget 2024-25, there have been changes in deduction limits, tax rates and also rules of the exemption - all of which can have a massive impact on financial gains from assets, especially on property. Considering the accelerated growth of the real estate sector, understanding these nuances has become imperative for taxpayers and investors, especially for High Net Worth Individuals (HNIs), who wish to navigate this optimally and tax-efficiently.
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