Moneycontrol
YOU ARE HERE > Moneycontrol > Property > Glossary

Property

A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

What are the tax implications of sale of any house property, commercial or residential?

For the purpose of Real Estate the Long-term Capital gain would be only if you hold the property for more than three years, then it is subjected to tax @20%. In case you sell the property in less than three years time then it would become short-term Capital Gain and the same is required to be taxed at the prevailing tax schedule of the rate applicable to the assessee depending on his other incomes.

Sections
Follow us on
Available On