What are the tax implications of selling a house property in India?

Since you have held the property for 3 years, it qualifies as long-term capital asset (2 years+). The capital gain is Sale Price minus Indexed Cost of Acquisition. Cost Inflation Index for FY 2025-26 is 393. So if you bought at Rs 30 lakh in FY 2022-23 (CII 331), your indexed cost = 30L × 393/331 = Rs 35.6 lakh. LTCG = 80L - 35.6L = Rs 44.4 lakh.

Since you have held the property for 3 years, it qualifies as long-term capital asset (2 years+). The capital gain is Sale Price minus Indexed Cost of Acquisition. Cost Inflation Index for FY 2025-26 is 393. So if you bought at Rs 30 lakh in FY 2022-23 (CII 331), your indexed cost = 30L × 393/331 = Rs 35.6 lakh. LTCG = 80L - 35.6L = Rs 44.4 lakh.

Since you have held the property for 3 years, it qualifies as long-term capital asset (2 years+). The capital gain is Sale Price minus Indexed Cost of Acquisition. Cost Inflation Index for FY 2025-26 is 393. So if you bought at Rs 30 lakh in FY 2022-23 (CII 331), your indexed cost = 30L × 393/331 = Rs 35.6 lakh. LTCG = 80L - 35.6L = Rs 44.4 lakh.

Note that for tax purposes, the higher of sale consideration (Rs 80L) or circle rate value (Rs 70L) is considered as sale value. You can claim exemption under Section 54 by investing the capital gains in another residential property within 1 year before or 2 years after the sale date, or by investing in capital gains bonds (54EC) up to Rs 50 lakh.

Note that for tax purposes, the higher of sale consideration (Rs 80L) or circle rate value (Rs 70L) is considered as sale value. You can claim exemption under Section 54 by investing the capital gains in another residential property within 1 year before or 2 years after the sale date, or by investing in capital gains bonds (54EC) up to Rs 50 lakh.

Note that for tax purposes, the higher of sale consideration (Rs 80L) or circle rate value (Rs 70L) is considered as sale value. You can claim exemption under Section 54 by investing the capital gains in another residential property within 1 year before or 2 years after the sale date, or by investing in capital gains bonds (54EC) up to Rs 50 lakh.