LTCG and STCG are to be paid only when the property is sold.
| Section | Fine points |
| Sec 2 | Holding Less than 36 months – STCG (short term capital gains) Holding more than 36 months – LTCG (long term capital gains) |
| Sec 48 |
STCG = Consideration - expenses on transfer - cost of acquisition - cost of improvement |
| Sec 50C | Selling below Stamp value? When consideration is less than value adopted by stamp duty valuation authority, the value adopted by stamp duty authorization shall be taken as consideration |
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| LTCG is at 20% STCG is added to income from other sources and taxpayer pays the tax applicable to him/her |
| Sec 54 | Sale of one home and purchase of another home (residential long term asset): Only applicable to individual and HUF New home must be · purchased within a period (T-1) to (T+2) years, or · constructed within a period (T) to (T+3) years |
| Sec 54B | Similar to 54, but for agricultural land (again, only long term asset) |
| Sec 54F | Similar to 54, not for residential property (again, only long term asset) |
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