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Home > Forum > Mumbai > Property Tax > What would be the taxes I have to pay if I sell my house to another person?

What would be the taxes I have to pay if I sell my house to another person?

Q: I am staying in a house in Chembur, Mumbai since 2010. Now immediately, I want to sell my house. So, I just wanted to know about the taxes that I would pay for selling my house.

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You owned your house since 2010, it means you have completed almost 1 year. As per the rule, if the holding period of your property is less than 3 years, you have to pay 20% tax on the gaining rate that you get after selling the property.
Rakesh


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