close

Tax saving tips: Invest in real estate and save tax on LTCG

Taxpayers can save the taxes on the gains by availing the benefit of tax exemptions allowed under the Indian tax laws.

Archit Gupta Mumbai
Wealthy investors re-thinking realty exposure, favour equities instead
Web Exclusive Premium

Investments in real estate are borne out of savings made out several years of earnings. These investments have both monetary value and emotional value for investors. Individuals buy and sell real estate to reinvest in upcoming real estate projects, to meet growing family needs, to move to another location of choice etc. Since real estate investment involves a large amount of money, the sale of property results in large gains. Tax may have to be paid on these gains unless they have been invested. Let’s find out how to save tax on sale of a property.
Taxpayers can save the taxes on the gains by availing the benefit of tax exemptions allowed under the Indian tax laws. The law allows a taxpayer to invest in real estate and avail the benefit of exemptions on taxable gains realised on the sale of assets or real estate.
A. Tax saving exemptions:
Or

Also Read

Saving scheme for elderly to ULIP vs mutual funds: Experts advise readers

Want to save tax? Here are top 5 investment schemes that you can consider

Picking the right product to save on taxes and meet your long-term goals

Explained: Why GST still vexes India's real estate developers and buyers

GST on real estate: Transition is key

Difficult to end tax evasion

First Published: May 31 2019 | 9:25 AM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on business-standard.com are available only to BS Premium subscribers. Already a BS Premium subscriber?LOGIN NOW

Register to read more on Business-Standard.com