Hi. You can sell your house immediately, but this will result in short-term capital gains tax. As per the income tax regulations, you need to hold the property for 24 months, i.e. 2 years before it comes in the category of long-term capital gains. You can then get an exemption on these long-term capital gains. So, it is better if you wait for 2 years before selling the house.
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Can a new flat/apartment immediately be sold within few months after buying & completing registration and what is the profit & loss?
basicabacus
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2024-12-02T13:55:59+00:00 2024-12-04T21:39:37+00:00Comment
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