Property transactions can affect more than one tax rule
The tax treatment may depend on purchase and sale dates, property type, ownership share, improvement costs and how sale proceeds are used. Buyers may also have TDS responsibilities.
Keep these details ready
- Purchase and proposed sale values and dates
- Sale deed, purchase deed and ownership share
- Improvement and brokerage records
- Home-loan details, if relevant
- Plans to buy another property or invest the proceeds
Understand the implications
CA Sahab can explain likely capital-gain treatment, relevant TDS steps, records needed and whether a legitimate tax-saving option may apply to your facts.