How can I save tax on capital gains from property?

Name: Vijay R Singh & Co.
Address: Office No. 4, Vishal CHSL, D Wing, Sir Mathuradas Vasanji Road, Azad Nagar, Opp. Andheri Gymkhana, Andheri East, Maharashtra, 400069, IN
Telephone: +91 98607 23959

CA Vijay R Singh, FCA
Chartered Accountant · ICAI M.No. 153926 · FRN 136869W

Short answerYou can save long-term capital gains tax on a property sale three main ways: reinvest the gain in another residential house (Section 54), invest up to ₹50 lakh in 54EC bonds within 6 months, or — if you haven’t reinvested by your filing date — park the gain in the Capital Gains Account Scheme to preserve the exemption.

The three routes

Section 54: reinvest the gain in a residential house
Section 54EC: up to ₹50 lakh in NHAI/REC bonds within 6 months (5-year lock)
CGAS: park the gain if you haven’t reinvested by the due date

Time limits

Buy 1 year before or 2 years after, or construct within 3 years. A ₹10 crore cap applies from FA 2023 — confirm current limits.

NRI Taxation

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This answer is general information for NRIs, not tax advice. Tax rates, thresholds and forms change with each Finance Act — please confirm the current position for your own facts, or speak to us, before acting.