Add Capital Gains from Sale of House Property
Capital gains arise when you sell a house property for more than its indexed purchase cost. The profit—or loss—from this transaction is treated as a capital gain or capital loss, and is taxable under the Income Tax Act.
Web
Mobile
Web
Add Real Estate Capital Gains
- Navigate to File > Capital Gains
- Choose Real Estate > Add Real Estate Gains and click on Proceed
- Fill in the Property Details:
- Full address of the property
- Type of asset (e.g., residential property, commercial property, non-agricultural land, urban agricultural land)
- Name of the property
- Purchase price and sale price
- Purchase date and sale date
- Transfer-related expenses (brokerage, legal fees, etc.)
- Enter Buyer’s Details:
- Name of the buyer
- PAN of the buyer
- Percentage of ownership (if property was jointly owned)
- Click on Save once all details are filled
Important Note: The system will automatically compute your capital gains using the Cost Inflation Index (CII) issued by the Government of India.
Add Cost of Improvement
If you incurred capital expenses for renovations or structural changes to the property, you can add them to reduce your taxable gains.
- Open the previously added real estate entry
- Go to Property Details > Cost of Improvement
- For each improvement:
- Select the financial year when the expense was incurred
- Enter the amount spent
- Click Add to enter multiple improvements, if applicable
- Save the details to update your capital gains calculation
Mobile
Add Real Estate Capital Gains
- Navigate to File > Capital Gains
- Choose Real Estate > Add Real Estate Gains and click on Proceed
- Fill in the Property Details:
- Full address of the property
- Type of asset (e.g., residential property, commercial property, non-agricultural land, urban agricultural land)
- Name of the property
- Purchase price and sale price
- Purchase date and sale date
- Transfer-related expenses (brokerage, legal fees, etc.)
- Enter Buyer’s Details:
- Name of the buyer
- PAN of the buyer
- Percentage of ownership (if property was jointly owned)
- Click on Save once all details are filled
Important Note: The system will automatically compute your capital gains using the Cost Inflation Index (CII) issued by the Government of India.
Add Cost of Improvement
If you incurred capital expenses for renovations or structural changes to the property, you can add them to reduce your taxable gains.
- Open the previously added real estate entry
- Go to Property Details > Cost of Improvement
- For each improvement:
- Select the financial year when the expense was incurred
- Enter the amount spent
- Click Add to enter multiple improvements, if applicable
- Save the details to update your capital gains calculation
Need Help?
Raise a ticket to get in touch with us.
Related Articles
Add Capital Gains Manually
Add Capital Gains Manually Have Capital Gains transactions but can’t find your broker on our platform? No problem — you can easily enter your trade details manually in a few simple steps. Web Mobile Web Steps to Add Capital Gains Manually Navigate to ...Manage House Property Income
House property includes any building or land, such as a house, apartment, office space, or hotel. This guide explains when to report your property in the ITR, how to add it, and the required details. When to Report House Property in Your ITR You earn ...Add Pre-Construction Interest for House Property
Pre-construction interest is paid on a home loan before taking possession of the property. Loans usually have two parts: interest and principal. During the pre-construction period, only interest is charged. You can't claim this interest when it's ...Claim Property Taxes Paid on House Property
Property tax is an annual fee that property owners pay to local governments or municipal bodies. It’s used to fund public services like roads, sanitation, and infrastructure within the area. If you pay property tax on a rented property, you can claim ...Import Capital Gains using Investment Apps
Have capital gains from trading or investments? Whether you’ve made a profit or a loss, you can easily import your trade data and track your capital gains using integrated investment apps. What Falls Under Capital Gains? Capital gains arise from the ...