income tax and capital gain when property is sold over cirlce rates

income tax and capital gain when property is sold over cirlce rates https://www.taxtmi.com/forum/issue?id=119731 When a property is sold above the circle rate, the entire actual sale consideration is used to compute long term capital gains (unless the circle rate exceeds sale price, invoking Section 50C). Gains computed without indexation are taxed uniformly under the applicable LTCG regime; there is no differential tax rate for the portion up to the circle rate versus the portion above it. Surcharge and cess apply to the tax computed but do not alter this uniform treatment. en-us Sun, 16 Mar 2025 10:14:06 +0530 Tue, 22 Apr 2025 16:51:14 +0530 TaxTMI RSS Generator income tax and capital gain when property is sold over cirlce rates https://www.taxtmi.com/forum/issue?id=119731 When a property is sold above the circle rate, the entire actual sale consideration is used to compute long term capital gains (unless the circle rate exceeds sale price, invoking Section 50C). Gains computed without indexation are taxed uniformly under the applicable LTCG regime; there is no differential tax rate for the portion up to the circle rate versus the portion above it. Surcharge and cess apply to the tax computed but do not alter this uniform treatment. Discussion-Forum Income Tax Sun, 16 Mar 2025 10:14:06 +0530 https://www.taxtmi.com/forum/issue?id=119731