| Long-term | Held more than 24 months: 12.5% plus surcharge and cess, without indexation |
| Short-term | Taxed at your slab rates |
| TDS | Buyer deducts under section 195, usually on the full price |
| Our fee | ₹7,999 for the computation and return |
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How the gain is taxed
For sales from 23 July 2024, long-term gains on land and buildings are taxed at 12.5% without indexation. The option to compute at 20% with indexation for property bought before that date is available only to resident individuals and HUFs, not to NRIs.
Short-term gains, on property held 24 months or less, are added to your other Indian income and taxed at slab rates.
Reducing the tax
- Section 54: reinvest the gain in a residential house in India within the time limits.
- Section 54EC: invest up to ₹50 lakh in specified bonds within six months of the sale.
- Keep proof of cost of improvement and transfer expenses such as brokerage.
TDS and refunds
Because the buyer usually deducts TDS on the whole sale price, excess tax is common. Either apply for a lower TDS certificate before the sale, or claim the refund in your income tax return after the year ends.
Common questions
Can I repatriate the sale proceeds?
Yes, subject to limits and Form 15CA and 15CB. See our guide to sending money abroad.
Do I have to file a return in India?
Yes, to report the gain, claim exemptions and get any refund of excess TDS.
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Our chartered accountants handle it at a fixed price, with calls in your time zone. Ask a CA to handle it.
Related guides
General information as of October 2026, not advice on your case. Rules change; check the notice and current law, or ask us.