Save Tax on Your Property Transactions
Tax Planning
How WizBiz Can Help You Handle Property Tax
Property transactions trigger complex tax implications. WizBiz helps you minimize capital gains tax, claim home loan benefits, and handle rental income correctly.
Property Tax Filing | Capital Gains Tax | WizBiz
Property Tax, Capital Gains, Section 54, Section 54F, 54EC Bonds, Rental Income, TDS on Property
WizBiz Team
Problem
**The Problem:** Property transactions in India trigger multiple tax events — capital gains on sale, rental income tax, TDS under Section 194IA on purchase, and annual property tax. Incorrect handling leads to:
- 20% long-term capital gains tax without indexation
- TDS notice for non-deduction under 194IA
- Rental income assessed at higher rates
- Missed exemptions under Section 54, 54F, 54EC
**Common Property Tax Mistakes:**
- Not calculating indexed cost of acquisition
- Missing 54EC exemption by investing in bonds after 6 months
- Incorrect rental income reporting (standard deduction not claimed)
- TDS non-compliance during property purchase
- Not claiming home loan interest benefits correctly
Solution
**WizBiz Solution:** Our tax experts handle all property-related tax matters — from capital gains planning before sale to rental income optimization and TDS compliance on purchase.
**Step-by-Step Process:**
1. **Transaction Review** — Understand the property transaction and its tax implications
2. **Capital Gains Planning** — Calculate indexed cost, suggest 54/54F/54EC investments
3. **TDS Compliance** — Ensure proper TDS deduction under 194IA
4. **Rental Optimization** — File rental income with standard deduction and repairs
5. **Home Loan Benefits** — Claim principal + interest deductions correctly
6. **Annual Property Tax** — Municipal tax submission guidance
Detailed explanation
**WizBiz Solution:** Our tax experts handle all property-related tax matters — from capital gains planning before sale to rental income optimization and TDS compliance on purchase.
**Step-by-Step Process:**
1. **Transaction Review** — Understand the property transaction and its tax implications
2. **Capital Gains Planning** — Calculate indexed cost, suggest 54/54F/54EC investments
3. **TDS Compliance** — Ensure proper TDS deduction under 194IA
4. **Rental Optimization** — File rental income with standard deduction and repairs
5. **Home Loan Benefits** — Claim principal + interest deductions correctly
6. **Annual Property Tax** — Municipal tax submission guidance
## Documents Required
- Property sale/purchase agreement
- Sale deed
- Indexed cost of acquisition details (purchase price, improvement costs)
- 54EC bond investment proof (if applicable)
- Home loan interest certificate
- Municipal tax receipts
- TDS challans (if property buyer)
- Rental income details
## Benefits
**Why Choose WizBiz for Property Tax?**
✅ **Save 20% Capital Gains Tax** — Proper indexation and exemption planning
✅ **54EC Bond Guidance** — Right timing and amount to save tax
✅ **Rental Income Optimization** — Claim all deductions including standard 30%
✅ **Home Loan Maximization** — Claim both principal (80C) and interest (Section 24)
✅ **TDS Compliance** — Avoid notices under Section 194IA
✅ **Complete Handling** — From planning to filing
Benefits
**Why Choose WizBiz for Property Tax?**
✅ **Save 20% Capital Gains Tax** — Proper indexation and exemption planning
✅ **54EC Bond Guidance** — Right timing and amount to save tax
✅ **Rental Income Optimization** — Claim all deductions including standard 30%
✅ **Home Loan Maximization** — Claim both principal (80C) and interest (Section 24)
✅ **TDS Compliance** — Avoid notices under Section 194IA
✅ **Complete Handling** — From planning to filing
Document required
- Property sale/purchase agreement
- Sale deed
- Indexed cost of acquisition details (purchase price, improvement costs)
- 54EC bond investment proof (if applicable)
- Home loan interest certificate
- Municipal tax receipts
- TDS challans (if property buyer)
- Rental income details
Progressing time
Capital gains planning: 2-3 days before sale; filing: 3-5 days
