暗网禁区

NRI selling property in India after 18 years

Lancy M2017 Member

Member since 14 January 2019

Lancy M2017Member14 January 2019 06:39:14

1

I wanted to know if LTCG exemption is still allowed even if the builder of the new residential construction fails to hand over the property to the taxpayer within 8 years of purchase.

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aasheesh Active member

Member since 04 January 2019

aasheeshActive member14 January 2019 07:00:17

28

Escape window 2: LTCG on these instruments realised after 31.3.2018 by an individual will remain tax exempt up to Rs 1 lakh per annum i.e. the new LTCG tax of 10% would be levied only on LTCG of an individual exceeding Rs 1 lakh in one fiscal.

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