Selling residential property in Coimbatore can trigger long-term capital gains. Sections 54 and 54F allow exemption when you reinvest within prescribed timelines and conditions.
Planning checklist
- Confirm asset qualifies as long-term capital asset
- Track investment deadline for new residential property
- Maintain capital gains account scheme deposits if needed
- Report correctly in Schedule CG of ITR-2
Read our capital gains overview and use capital gains filing support.
