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.

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