This website uses cookies

As a user in the EEA, your approval is needed on a few things. To provide a better website experience, hubpages.com uses cookies (and other similar technologies) and may collect, process, and share personal data. Please choose which areas of our service you consent to our doing so.

For more information on managing or withdrawing consents and how we handle data, visit our Privacy Policy at: "https://hubpages.com/privacy-policy#gdpr"

Show Details
Necessary
HubPages Device IDThis is used to identify particular browsers or devices when the access the service, and is used for security reasons.
LoginThis is necessary to sign in to the HubPages Service.
Google RecaptchaThis is used to prevent bots and spam. (Privacy Policy)
AkismetThis is used to detect comment spam. (Privacy Policy)
HubPages Google AnalyticsThis is used to provide data on traffic to our website, all personally identifyable data is anonymized. (Privacy Policy)
HubPages Traffic PixelThis is used to collect data on traffic to articles and other pages on our site. Unless you are signed in to a HubPages account, all personally identifiable information is anonymized.
Amazon Web ServicesThis is a cloud services platform that we used to host our service. (Privacy Policy)
CloudflareThis is a cloud CDN service that we use to efficiently deliver files required for our service to operate such as javascript, cascading style sheets, images, and videos. (Privacy Policy)
Google Hosted LibrariesJavascript software libraries such as jQuery are loaded at endpoints on the googleapis.com or gstatic.com domains, for performance and efficiency reasons. (Privacy Policy)
Features
Google Custom SearchThis is feature allows you to search the site. (Privacy Policy)
Google MapsSome articles have Google Maps embedded in them. (Privacy Policy)
Google ChartsThis is used to display charts and graphs on articles and the author center. (Privacy Policy)
Google AdSense Host APIThis service allows you to sign up for or associate a Google AdSense account with HubPages, so that you can earn money from ads on your articles. No data is shared unless you engage with this feature. (Privacy Policy)
Google YouTubeSome articles have YouTube videos embedded in them. (Privacy Policy)
VimeoSome articles have Vimeo videos embedded in them. (Privacy Policy)
PaypalThis is used for a registered author who enrolls in the HubPages Earnings program and requests to be paid via PayPal. No data is shared with Paypal unless you engage with this feature. (Privacy Policy)
Facebook LoginYou can use this to streamline signing up for, or signing in to your Hubpages account. No data is shared with Facebook unless you engage with this feature. (Privacy Policy)
MavenThis supports the Maven widget and search functionality. (Privacy Policy)
Marketing
Google AdSenseThis is an ad network. (Privacy Policy)
Google DoubleClickGoogle provides ad serving technology and runs an ad network. (Privacy Policy)
Index ExchangeThis is an ad network. (Privacy Policy)
SovrnThis is an ad network. (Privacy Policy)
Facebook AdsThis is an ad network. (Privacy Policy)
Amazon Unified Ad MarketplaceThis is an ad network. (Privacy Policy)
AppNexusThis is an ad network. (Privacy Policy)
OpenxThis is an ad network. (Privacy Policy)
Rubicon ProjectThis is an ad network. (Privacy Policy)
TripleLiftThis is an ad network. (Privacy Policy)
Say MediaWe partner with Say Media to deliver ad campaigns on our sites. (Privacy Policy)
Remarketing PixelsWe may use remarketing pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to advertise the HubPages Service to people that have visited our sites.
Conversion Tracking PixelsWe may use conversion tracking pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to identify when an advertisement has successfully resulted in the desired action, such as signing up for the HubPages Service or publishing an article on the HubPages Service.
Statistics
Author Google AnalyticsThis is used to provide traffic data and reports to the authors of articles on the HubPages Service. (Privacy Policy)
ComscoreComScore is a media measurement and analytics company providing marketing data and analytics to enterprises, media and advertising agencies, and publishers. Non-consent will result in ComScore only processing obfuscated personal data. (Privacy Policy)
Amazon Tracking PixelSome articles display amazon products as part of the Amazon Affiliate program, this pixel provides traffic statistics for those products (Privacy Policy)
jump to last post 1-4 of 4 discussions (4 posts)

Capital Gains Tax India on Sale of Residential Property

  1. pankaj3625 profile image72
    pankaj3625posted 7 years ago

    Capital Gains Tax India on Sale of Residential Property

    Can somebody please help me understand the income tax treatment of capital gains tax on sale proceeds of residential property?

  2. soni2006 profile image79
    soni2006posted 7 years ago

    Capital gain from Sales of Residential Property is taxed as long term or short term capital gain depending on the period of holding. Long-term capital gains are taxed at 20% and short-term capital gains are taxed at normal rates. One can avail exemption from capital gains if the person invests the capital gains in buying another property or in specified bonds within a specified period of time.

  3. pankaj3625 profile image72
    pankaj3625posted 7 years ago

    Lets take an example.
    ·    I own a house, which has a market value of 5 lacs.
    ·    I bought it 10 years ago, when it was worth 1 lac rupees.
    ·    The registered price of the house was 0.5 lacs.
    ·    And now after the indexing and all, it’s actual cost has come to 2 lacs.

    Please tell me how can I treat the additional income earned by me (5-2= 3 Lacs)?

    I suppose that the differential between the Registered value (1 Lac) and Today's value (2 Lacs) which is 1 Lac is taxable as long term capital gains, until I invest it somewhere, but what about those 3 Lacs that I have earned?

    Is that income shown somewhere to the Tax Authorities and under what head? And if not, how can I buy another property with those 3 Lacs (as I will have to anyways reveal the source of funds to Income Tax Department)

    Also, how can I utilize those 3 Lacs, such that I don't have to pay 60 Lacs (@20%) as tax? A bit lengthy, but that's what I need to know. Can you help Soni?

  4. soni2006 profile image79
    soni2006posted 7 years ago

    Question: Can you please help me understand income tax treatment of capital gains tax on sale of residential property in India?
    Lets take an example.
      I own a property in Delhi that has a market value of 5 lakhs INR.
    I purchased it around 10... read more

 
working