Dear Sir,
i have sale my two house on 24.02.2026 i have purchased one house on 23.02.2011 and another one is 2012. 2011 house my purchase cost is 24 lakhs now i have sale it for Rs 31 lakhs. on 2012-13 house purchased on Rs 25 Lakhs and sold for 58 lakhs please inform me what is the LTCG i have to pay and how to avoid LTCG
Ans: 01. You should file your ITR by calculating your LTCG with Indexation, which may work out to be in loss. In such a situation, you don't have to pay any taxes.
02. However for your kind information, you can plan your LTCG & reduce tax liability by purchasing/investing your LTCG in Residential House.
Most Welcome for further clarifications, if any. Thanks.