Is the capital gain tax on selling property catching you off guard in the course of selling your flat? It is essential to understand capital gain if you own a property for years or if you are flipping it to earn a profit. Making yourself educated about capital gains has become essential to deal with all of this. Your earnings are affected by the slightest change in indexed costs to TDS deductions.
The tax on selling property is significant, particularly in regions where property prices have consistently increased over the years, such as the Vasai-Virar area. This blog will help you understand what to expect and provide tips on how to minimize legal liability.
It is said that in the real estate market, ignorance isn’t bliss; it's expensive. Knowing the workings of capital gains tax on selling property laws, especially, can help you in many ways:
Tax planning is crucial when selling property, upgrading assets, exiting, or liquidating assets.
The tax that is paid on the profit earned from the sale of an asset is known as capital gain. In this case, it is either a flat or an apartment.
There are two types of capital gains:
The purchase price is adjusted for inflation because taxable profit is reduced after indexation.
LTCG is applied when, for example, you purchased a 1BHK flat in Vasai by JSB Group’s Project Nakshatra Veda, located in Vasai East, in 2018 for ₹30 lakhs, and it is sold for ₹55 lakhs in 2025.
Indexed cost could raise your purchase price to ₹40–₹42 lakhs (depending on inflation), which means you’ll be taxed on only ₹13–₹15 lakhs profit, not the complete ₹25 lakhs.
LTCG Tax = 20% of net gains after indexation
STCG Tax = Added to your taxable income
Always consult a CA or tax advisor for property sales above ₹50 lakhs, especially in developing zones like Vasai-Virar-Virar, where appreciation has been rapid in JSB’s township projects.
The simple formula to calculate capital gain on selling a flat:
LTCG is equal to Sale Price Less Indexed Purchase Price Less Expenses, for example, legal, brokerage, etc.
Example 1 By JSB Group Project : -
Lets say you wish to sell a flat that you bought for ₹40 lakhs and that is the price for 1 bhk or 2 bhk in Vasai in JSB Nakshatra Aazstha. CII adjusted Indexed Cost is ₹55 lakhs, and the selling price in 2025 is ₹80 lakhs. Hence the LTCG will be ₹80L – ₹55L = ₹25 lakhs and approx LTCG tax paid will be ₹5 lakhs.
Example 2 By JSB Group Project : -
You sold a flat in JSB Group's Nakshatra Prithvi, either a 1 or 2 BHK flat in Vasai East, which you had bought in 2022 for ₹45 lakhs and sold in 2024 for ₹60 lakhs. Then STCG applies a profit of ₹15 lakhs, which is added to your taxable income.
Want to save 20% on your gains? Let's talk about a few legal options that will help you save 20% on your profit on the sale of property:
A tax consultant can help you apply these in combination to minimise your burden.
TDS is applied at the time of transaction if your property’s sale value is ₹50 lakhs or more.
The buyer files Form 26QB, and it is essential to ensure that the PAN is correctly mentioned. JSB Homemakers provides legal support to ease the process of reselling flats.
Here’s what you’ll need at the time of return filing:
The company often provides the following for customers selling through JSB Group:
This support can make your filing faster, cleaner, and audit-safe.
Protecting your profit today is all about understanding capital gain tax, and yes, it is not just about compliance. A little planning before selling a flat, upgrading to a JSB Group’s 3 bhk flat in Vasai East will help you save lakhs.
As per Section 54, your sale of property will provide you with a clear plan, right from indexed cost calculations to exemption strategies. If you are buying a property in JSB Group’s project, you are already secured with legal documentation, which will make the process smooth.
Capital Gains Tax on Selling Property in Vasai/Virar