How to Save Tax on Capital Gain?

In the period of pandemic, many tax payers sold their properties to generate cash and repay loans. However, one thing, which they should not forget is that income tax is levied on capital gain from sale of property. let’s discuss following points and have clarity of Income Tax on capital gain from sale of property:

  1. What is Capital Gain Tax?
  2. Income tax can be saved by buying another house.
  3. Savings on house construction.
  4. Invest in government bonds.
  5. Information will have to be given in the Income tax return.

 

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