Tax angle on Janaharsha Ibrahimpatnam plot purchases — what buyers should know.
Pure plot purchase by itself offers limited income-tax benefits — but several useful provisions apply when handled correctly.
Loan interest: deductible only after construction begins (Section 24 — and primarily for self-occupied/built property).
Capital gains: long-term (held >24 months) gains taxed at 12.5% (post-Budget 2024) with no indexation, or older indexed regime where applicable.
Section 54F: reinvesting plot sale proceeds into a residential house can fully/partially exempt long-term capital gains.
Section 54EC: investing gains into specified bonds (up to ₹50 lakh) within 6 months provides exemption.
Always consult a CA for personal application — RRP Realty introduces buyers to tax-friendly CAs when needed.
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