The last date of Income Tax is near September 15. If you are a tax payer and want to buy a new by selling your old property, then this news is for you. Section 54 and Section 54F of Income Tax Act give you great relief from tax. Section 54 – If you sold Residential Property and the long term capital gain on it again invested in the new Residential Property, then you will not have to pay 20% LTCG tax. Section 54F-If you sold non-residential property and buy Residential Property, then you can get exemption from tax. Just keep in mind, these discounts only get individual and huff. You can take advantage of this only on the property located in India. Also, there is an option to invest in two houses in capital gains up to 2 crores.
Know the magic of Section 54 and 54F before September 15. Save tax by selling crores of crores! | , Know the magic of section 54 and 54f before 15 September
