New capital gains rules for immovable property

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New capital gains rules for immovable property

What are the changes proposed for capital gains on immovable property?

Profile photo of  Sharad Gaikwad Asked By: Sharad Gaikwad 1 replies 1 helpful answers Last Updated: 5 months, 2 weeks ago
  • Profile photo of  Sharad GaikwadSharad Gaikwad
    Participant

    What are the changes proposed for capital gains on immovable property?

  • Profile photo of Neha JoshiNeha Joshi
    Moderator

    An immovable property will be considered as a long term capital asset once you hold it for more than 2 years (instead of existing 3 years). Another change was related to changing the base year for indexation from 1/4/1981 to 1/4/2001

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