Facebook Pixel
5 Mins read
General

Avoid Capital Gains Tax with These Key Exemptions

RBI Headquarters Building

Summary

This blog explains how to lower capital gains taxes by categorizing gains as long-term and short-term with different tax rates. It details several exemptions under Sections 54, 54E, 54EC, 54EE, and 54F that offer significant relief. Properties acquired through inheritance or gifts are excluded, emphasizing the need for strategic tax planning.

Key Takeaways

  • Long-term and short-term capital gains are taxed differently.
  • Multiple exemptions under specific sections provide tax relief.
  • Reinvestment options can reduce tax obligations.
  • Inherited or gifted properties are not included in these calculations.

Frequently Asked Questions

Related Questions