Investing in properties is among the most preferred options across age groups in India. It is also common for holders of old or ancestral properties to sell their residence and use the proceeds to buy an apartment or a villa in gated communities. Many would also want to use the money to construct their own property. The sharp appreciation in real estate assets has given many the affordability to deploy the gains for moving to newer acquired residences.However, on the operational front it is not always easy ...

The ministry of finance has announced one of the most sweeping updates to the Capital Gains Account Scheme (CGAS) since it was created in 1988, issuing the Capital Gains Accounts (Second Amendment) Scheme, 2025 on 19 November. The changes overhaul how taxpayers, non-resident Indians (NRIs) and businesses deposit, track and close CGAS accounts used to claim capital gains exemptions under Sections 54, 54B, 54D, 54F, 54G, 54GA and 54GB of the Income-tax Act. At its core, the amendment pushes CGAS firmly into t ...

Mihir Tanna, associate director, S.K Patodia LLP, says: “In our experience, there was a client who had his address in PAN set in his old home at Goa, but he is now in Mumbai. So when he sold a property and deposited the capital gains in a capital gains account scheme account in State Bank of India (SBI), he claimed Section 54 Property sellers can benefit from thisWhen a property is sold for profit, the gains are called capital gains as per income tax law and you need to pay tax on such gains. However under ...