Even if you made zero capital gains income from sale of property you still need to pay tax in this situation; CA explains why

Recent changes in India's income tax law, specifically the Finance (No. 2) Act, 2024, impact property sale transactions. Even with zero capital gains due to grandfathering relief, taxpayers may face increased tax liability. This is because non-indexed gains elevate total income, potentially triggering surcharge, as illustrated by a case study where a taxpayer paid an extra Rs 61,360.

from Tax-Wealth-Economic Times https://ift.tt/kI8Ohjv