Tax on Sale of Flat or House
Capital gains on selling a residential flat, apartment or house
- 1ComputeGain computed under each available option.
- 2PlanExemptions and timelines mapped.
- 3FileReported correctly in the ITR.
Share your details. We’ll reply on WhatsApp with the next steps and a checklist.
Pick a plan — the fee is adjusted if you hire us within 30 days.
About Tax on Sale of Flat or House
A clear overview, in simple terms — what it is, why it matters, and how we handle it.
Selling a flat or house held for more than 24 months gives long-term capital gain, taxed at 12.5% without indexation for sales from 23 July 2024; resident individuals and HUFs who bought before that date can instead pay 20% with indexation if that is lower. Held 24 months or less, the gain is short-term and taxed at slab rates. Reinvesting in another house (Section 54) or specified bonds (Section 54EC) can reduce the tax to nil.
The gain is the sale price — or the stamp-duty value if higher by more than 10% (Section 50C) — minus the cost of acquisition, cost of improvement and transfer expenses such as brokerage. Property bought before 1 April 2001 can use its fair market value on that date as cost, capped at the stamp-duty value then.
For a resident with an older property, we compute the tax both ways — 12.5% without indexation and 20% with indexation — and use whichever is lower. Then we plan the exemption: a new house within the time limits, a Capital Gains Account Scheme deposit if the purchase isn't complete before the return due date, or 54EC bonds within six months.
| Long-term threshold | Held more than 24 months |
|---|---|
| LTCG rate (from 23 Jul 2024) | 12.5% without indexation; residents may choose 20% with indexation for pre-23-Jul-2024 purchases |
| STCG | Slab rates |
| Section 50C | Stamp-duty value replaces price if higher by more than 10% |
| Exemptions | Section 54 (new house), 54EC (bonds, up to ₹50 lakh) |
Who this is for
Common scenarios where this service is a good fit.
- Owners selling a flat, apartment or independent house
- Families selling an old house bought decades ago
- Sellers planning to buy another home
What you get
Clear deliverables so you know exactly what's included.
- Gain computed both ways where allowed
- 50C and FMV-2001 analysis
- Exemption planning and CGAS
- ITR filing with the capital gains schedule
Expert review before every submission — not just data entry.
Working notes and reconciliations you can rely on in future notices.
Resident Indians, NRIs, expats and cross-border businesses — all served.
Documents required
A practical checklist. We'll tell you if anything else is needed based on your case.
* This is a base checklist. After a quick pre-check, we may ask for additional items specific to your case.
Process
A simple, trackable workflow — designed to avoid back-and-forth.
Gain computed under each available option.
Exemptions and timelines mapped.
Reported correctly in the ITR.
Get a quote
We share a clear quote on WhatsApp after a quick checklist pre-check.
- Fixed quote on WhatsApp after a short look at your facts and documents.
- Government fees, if any, are paid at actuals and shown separately.
| Factor | DIY | Indus Tax |
|---|---|---|
| Expert review | ❌ | ✅ |
| Notice risk reduction | ❌ | ✅ |
| Deduction optimisation | ❌ | ✅ |
| Audit-ready records | ❌ | ✅ |
| AIS/26AS reconciliation | ❌ | ✅ |
Share your facts and deadline. We'll reply with the right checklist and a clear quote.
Fee adjusted against our service fee if you go ahead within 30 days.
- Priority CA Call-backSkip the queue — a CA calls you within 30 minutes.₹255
- RecommendedCA Consultation (30 min)Talk one matter through properly with a CA.₹755
- In-depth CA Review (60 min)Documents reviewed before the call, written action plan after.₹1,155
Call-backs run Mon–Sat, 9 AM–6 PM IST. Booked outside these hours? We call you first thing the next working morning.
Compare the 3 plansFrequently asked questions
Answers to the most common questions we get.
This page also covers
- Flat sale tax
- Apartments and flats in housing societies.
- Capital gains calculation
- Step-by-step computation including cost, improvement and transfer costs.
Official sources
Indus Tax is a private professional services firm and is not affiliated with any government authority. Rules and fees change — we confirm current positions before filing.
