| Thursday, 06 October 2022 |
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Good morning [%first_name |Dear Reader%],
At The Ken, we really value reader feedback and suggestions. And sometimes, they can take us down some very complex rabbit holes. Like this question Sandhya Godavarthy—a Ka-Ching! reader—asked us a couple of weeks ago.
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Now, this is deep inside tax-geek territory. Down in Section 54F of the Income Tax Act, to be precise. But it is an adventure that can be quite rewarding if you’re looking to save some taxes.
And the first step is understanding Section 54—the bedrock on which this particular tax break is built on.
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Put simply, Section 54 lays down rules for a tax break on long term capital gains (LTCG) realised from the sale of residential property.
