Selling a house and worried about LTCG tax? You can still pay zero tax u/s 54 despite the budget 2024 shock

LTCG on property: You can still save income tax on selling a house despite Budget 2024 announcement. Revenue Secretary Sanjay Malhotra said "Tax kicks in only if the gains are not reinvested in a house. If you sell a house and you buy a house using only the gains, there is no taxation." Know how it works and what are the conditions.

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