LTCG (Property)
Long-Term Capital Gains on real estate held over 24 months — taxed at 12.5% without indexation (post-July 2024).
Definition
Property held for more than 24 months attracts LTCG at 12.5% under the post-July 2024 regime (previously 20% with indexation). For assets acquired before 23 July 2024, taxpayers can opt for 20% with indexation if it gives lower tax — a transitional safeguard.
Section 54 reinvestment in another residential property within 2 years (purchase) or 3 years (construction) fully exempts the gain. Section 54EC allows up to ₹50 lakh of LTCG to be exempted by investing in NHAI/REC bonds within 6 months of sale.
Formula
LTCG tax = 12.5% × Gain × 1.04 cess (without indexation)Example
Bought ₹40L in 2010, sold ₹1.6 cr in 2026 → gain ₹1.2 cr. Tax = 12.5% × ₹1.2 cr × 1.04 = ₹15.6 lakh.
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