You lived in the home for at least 24 months over the past 5 years. In case you are married and filing jointly, each spouses must fulfill this need.So, Be careful should you sell a lot of copyright handbags or housing expense Qualities, as these may very well be treated as stock, and the tax on any gains are going to be at the upper common earnings

The desk below exhibits how the quick-expression and extended-expression capital gains taxation in India is calculated.Ebony Howard is often a Licensed general public accountant in addition to a copyright ProAdvisor tax pro. She has become in the accounting, audit, and tax occupation for in excess of 13 several years, working with persons and a var