Capital gains on a property sale
The gain and the tax on selling a property, with cost inflation indexing, under both the indexed and the post-July-2024 regimes.
What we need
One thing at a time. Fill it in and press Run.
The answer
From the register, with its date and source.
Nothing run yet. The answer appears here with everything this mini adds:
- Long-term or short-term, decided from your dates
- The indexed cost using the cost inflation index for both years
- Tax under both regimes for a long-term gain, so you can see which applies to you
How this works
What it reads, what it needs, and how to read the answer.
Selling a property creates a capital gain, taxed differently depending on how long you held it and, since July 2024, on which of two regimes you choose. This mini works out both.
The purchase and sale dates and amounts. For a property bought before 1 April 2001, its fair market value on that date replaces the purchase price.
1Purchase date2Purchase price (Rs)3Sale date4Sale price (Rs)5Fair market value on 1 April 2001 (Rs), only for purchases before that date- Long-term or short-term, decided from your dates
- The indexed cost using the cost inflation index for both years
- Tax under both regimes for a long-term gain, so you can see which applies to you
Run it as often as you need. Nothing is deducted.
Holding over two years makes the gain long-term. The indexed figures scale the purchase cost by the cost inflation index; the new-regime figures apply the lower rate without indexing. Exemptions, surcharge and cess are not applied.
The Income Tax cost inflation index table and the capital gains rules as of the 2024-25 assessment year.
Questions people ask
Short answers, no jargon.
When is a property gain long-term?
When the property was held for more than 24 months before the sale.
What changed in July 2024?
Long-term gains on property can be taxed at 12.5 percent without indexation, alongside the older 20 percent with indexation for properties bought before 23 July 2024. The mini shows both so you can pick the lower.
Are exemptions under sections 54 and 54F included?
No. The figure is the gross gain and tax before any reinvestment exemption. A chartered accountant can apply the exemption you qualify for.
I bought before 2001. What do I enter?
The fair market value of the property on 1 April 2001, which a registered valuer can certify. It replaces the purchase price as the cost base.
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