Is it taxable if you sell your house? (Tamil) | Ways to Avoid Taxes | Capital Gain Tax

It feels great to get a high price for the sale of your home, but watch out for the tax implications. Is it taxable if you sell your house? Yes, that’s because capital gains on selling the property are taxable.
If you sell a residential property or land after holding it for more than two years, you are liable to pay a long-term capital gains tax of 20 percent after indexation. So, if you make a gain of Rs. 50 lakh, you may end up paying Rs 10 lakh as tax. However, you can very well save this significant tax outflow.
An assessee can re-invest the long-term capital gains amount in residential house property and claim an exemption under section 54 & 54EC of the income tax act.
Watch this Tamil video‪@SMEDUTALK‬ to know about capital gain tax and all possible ways to avoid taxes. It is explained in detail as to how the exemption works and what all you need to be careful about;
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