Monday, September 12, 2022

How to save income tax on capital gains from selling a house

If you have sold a house in the current financial year, then capital gains derived from such a sale will be taxable in the hands of a taxpayer. However, Income-tax Act, 1961 allows an individual to save on tax by long-term capital gains. Here's how an individual can save tax on the capital gains derived from the sale of a house.

from Tax-Wealth-Economic Times https://ift.tt/Lhzsgwv

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