For immovable property held in India for more than **24 months**, the gain is classified as Long-Term Capital Gain (LTCG) and taxed at **20% (plus surcharge and cess)** with indexation benefits. If held for less than 24 months, it is Short-Term Capital Gain (STCG) and taxed at your applicable slab rates.
To optimize this, our team provides expert simulations showing how much tax you can save through purchasing residential property under Section 54, buying a house under Section 54F (if the sold asset is not a residential house), or investing in 5-year lock-in capital gains bonds (Section 54EC).
No, Section 54EC requires that the investment in NHAI/REC/PFC bonds must be completed within **6 months** from the date of transfer/sale of the property.
Yes, for inherited property, the cost of acquisition is the cost to the previous owner, and indexation is calculated from the year the previous owner acquired it (or 2001, whichever is later).