Property Sale Tax Filing in Gurugram: Capital Gains, Exemptions, and Compliance
📌 TL;DR - ITR for Property Sale in Gurugram Services at a Glance
If you sold a flat, apartment, plot, or commercial property in Gurugram during FY 2025-26, you must report the capital gains in your ITR using Schedule CG in ITR-2 or ITR-3. Property held for more than 24 months generates Long-Term Capital Gains (LTCG) taxed at 12.5% without indexation, or 20% with indexation if the property was purchased before 23 July 2024 (taxpayer chooses the lower tax). STCG (held < 24 months) is taxed at slab rates. The buyer deducts 1% TDS under Section 194IA on properties valued above Rs 50 lakh. Exemptions under Section 54, Section 54EC, and CGAS deposits can reduce or eliminate the tax liability.
Gurugram is one of India's most active real estate markets. Premium apartments on Golf Course Road and Golf Course Extension Road (DLF Camellias, DLF The Crest, Emaar Palm Hills) transact at Rs 2-20 crore+. Sohna Road's emerging corridor sees builder flats at Rs 50 lakh-2 crore. DLF Phase 1-5, Sushant Lok, and Sector 56-57 have a large resale market. For a comprehensive overview of property sale taxation across India, refer to our ITR for Property Sale national guide.
| Parameter | Detail |
|---|---|
| LTCG Rate | 12.5% (without indexation) OR 20% with indexation (pre-Jul 2024 purchase only) |
| STCG Rate | Individual slab rates (property held < 24 months) |
| TDS (Section 194IA) | 1% by buyer if property value > Rs 50 lakh (Form 26QB) |
| Section 54 | Reinvest LTCG in residential house within 2 years (purchase) / 3 years (construction) |
| Section 54EC | Invest LTCG (up to Rs 50 lakh) in NHAI/REC bonds within 6 months |
| ITR Form | ITR-2 (no business income) | ITR-3 (with business income) |
| Due Date | 31 July 2026 (non-audit) | 30 September 2026 (audit cases) |
Haryana's stamp duty structure (7% for men, 5% for women, 6% for joint ownership) and circle rates (collector rates) by sector directly impact the capital gains computation. Under Section 50C, if the actual sale price is lower than the stamp duty value (circle rate), the stamp duty value is deemed as the sale consideration for capital gains purposes. This is a critical factor for Gurugram property sellers, as Haryana periodically revises circle rates upward.
Content is reviewed quarterly for accuracy.