How to pay zero or lower income tax on your residential property sale using Sections 54 and 54F

Indian income tax laws offer exemptions on long-term capital gains (LTCG) from selling residential property and land. Sections 54 and 54F of the Income Tax Act allow individuals and HUFs to avoid LTCG tax by reinvesting the gains into a new residential property, subject to specific conditions and timelines for purchase or construction.

from Tax-Wealth-Economic Times https://ift.tt/xbgnh6V