Sellers can save or completely exempt themselves from paying LTCG tax under specific sections of the Income Tax Act:

  • Section 54: Reinvest the capital gains amount into purchasing another residential property within two years (or construct one within three years).
  • Section 54EC: Invest the profit amount (up to ₹50 Lakhs) into specified government-backed bonds like NHAI or REC within six months of the sale.