When selling property, understanding the tax implications is crucial for maximizing your profits. This guide on Ghar will help you navigate the complexities of capital gains tax and provide strategies to minimize your tax burden legally and effectively.

Finance Budget 2024 suggested lowering property long-term capital gains (LTCG) tax from 20% to 12.5% and eliminating indexation. This shift affects real estate investors greatly. Ghar highlights key points:

Buying a home requires yearly property taxes to city authorities. Property taxes are a homeowner's obligation. In the property buying process, property tax is sometimes disregarded yet funds local infrastructure and municipal amenities.

You may reduce your Capital Gains Tax liability depending on the revenues from the sale of a residence or property. Here is all you need to know about the capital gains tax and the various tax deductions.