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  5. Thiruvananthapuram
Tax

Capital Gains Tax Calculator — Thiruvananthapuram FY 2025-26

Capital gains tax on Thiruvananthapuram (Kerala) investments — updated with Finance Act 2024 rates. Property LTCG (held >24 months): 12.5% without indexation. A 900 sqft flat in Thiruvananthapurambought at Rs 49.5L and sold 3 years later at Rs 62.4L generates LTCG of Rs 7.9L — taxed at Rs 1.03L (12.5% + 4% cess). Equity LTCG: 12.5% above Rs 1.25L annual exemption. STCG: 20%.

Verified Formula|Source: Income Tax Department, Government of India|Last verified: April 2026Methodology

Transaction Details

Listed shares, equity mutual funds, equity ETFs

1 month1y 6m10 years

LTCG threshold for Equity / Equity MF: 12 months. Your holding qualifies as Long-Term.

Related Calculators

Income Tax CalculatorOld vs New Regime
Long-Term Capital Gain (LTCG)

Held for 18 months. Equity / Equity MF requires 12 months for LTCG classification. Tax rate: 12.5%

Capital Gain

₹5,00,000

Tax Rate

12.5%

Tax Amount

₹48,750

Net Gain

₹4,51,250

Tax Computation

Sale Price₹15,00,000
Less: Purchase Price (Cost of Acquisition)- ₹10,00,000
Capital Gain₹5,00,000
Less: Exemption (Rs 1.25L LTCG exemption)- ₹1,25,000
Taxable Capital Gain₹3,75,000
Tax @ 12.5%₹46,875
Add: Cess (4%)₹1,875
Total Tax on Capital Gains₹48,750

Rs 1.25 Lakh LTCG Exemption

Under Section 112A, long-term capital gains on listed equity shares and equity mutual funds up to Rs 1,25,000 per financial year are exempt from tax. Gains above this threshold are taxed at 12.5%.

Capital Gains Tax Rates — Quick Reference (FY 2025-26)

AssetLTCG ThresholdSTCG RateLTCG Rate
Listed Equity / Equity MF12 months20%12.5% (above Rs 1.25L)
Debt Mutual Funds24 monthsSlab rateSlab rate
Property / Real Estate24 monthsSlab rate12.5%
Gold / Gold ETF24 monthsSlab rate12.5%

Capital Gains Tax on Thiruvananthapuram Investments — Finance Act 2024 Guide

The Finance Act 2024 (Union Budget 2024, effective 23 July 2024) significantly overhauled capital gains taxation in India. The changes — removing indexation for property LTCG, revising equity STCG from 15% to 20%, and standardising LTCG at 12.5% across most asset classes — have direct implications for Thiruvananthapuram (Kerala) investors in real estate, equity, and gold. Understanding the new regime is essential before selling any capital asset in Thiruvananthapuram. Kerala's stamp duty is 8% + 2% registration = 10% total — one of India's highest. Thiruvananthapuram houses India's premier space research facility (ISRO's VSSC/LPSC) — scientists and engineers here receive structured government pay scales with mandatory NPS contributions and among India's highest group mediclaim coverages. Kerala was the first state in India to implement a comprehensive e-Stamp duty system, fully digitizing property registration.

Property Capital Gains in Thiruvananthapuram: Finance Act 2024 Changes

Thiruvananthapuram's real estate market: Technopark Phase I–III vicinity rose 14% in FY2025 driven by IT campus expansions and Thiruvananthapuram Smart City projects. Kowdiar-Pattom premium held at Rs 7,000–9,000/sqft. Kazhakkoottam and Sreekaryam remain IT-worker preferred zones. The coastal road project has elevated Veli-Akkulam belt values by 18%. Properties in prime localities — Technopark, Kazhakkoottam, Pattom — average Rs 5,500/sqft.

Example: Selling a 900 sqft flat in Thiruvananthapuram

  • Purchase price: Rs 49.5L (Rs 5,500/sqft × 900 sqft)
  • Stamp duty paid at purchase (8%): Rs 3,96,000
  • Registration charge (2%): Rs 99,000
  • Total Cost of Acquisition: Rs 54.5L (purchase + stamp duty + registration)
  • Sale price after 3 years (at ~8% annual appreciation): Rs 62.4L
  • LTCG (Long Term, held >24 months): Rs 7.9L gain — taxed at 12.5% without indexation (Finance Act 2024). Tax + cess: Rs 1.03L
  • If sold within 24 months (STCG): Entire gain taxed at your income slab rate. At 30% slab: tax = Rs 2.47L — significantly higher than LTCG.

Key Finance Act 2024 change: Indexation benefit (which allowed adjusting purchase price for inflation using the Cost Inflation Index) has been removed for property sold on or after 23 July 2024. This increases LTCG for long-held properties but the 12.5% flat rate (reduced from earlier 20% with indexation in some cases) may partially offset this. Calculate both scenarios if you acquired property before 2001 or hold it for 10+ years — grandfathering provisions may apply.

TDS on Thiruvananthapuram Property Sale: Section 194-IA

When you sell Thiruvananthapuram property above Rs 50 lakh, the buyer must deduct 1% TDS (Section 194-IA). At a sale price of Rs 62.4L:

  • Property value Rs 62.4L is below Rs 50L — Section 194-IA TDS does not apply for the buyer.
  • TDS is offset against your capital gains tax liability when filing ITR. If your LTCG tax (Rs 1.03L) is more than TDS, you pay the balance tax while filing ITR.

Section 54 and 54EC: Exemptions for Thiruvananthapuram Property Sellers

Two critical exemptions can eliminate or reduce your Thiruvananthapuram property capital gains tax:

  • Section 54: If you sell a residential property in Thiruvananthapuram and reinvest the LTCG in another residential property within 2 years of sale (or construct within 3 years), the entire LTCG is exempt. Given Thiruvananthapuram's active real estate market — Technopark Phase I–III vicinity rose 14% in FY2025 driven by IT campus expansions and Thiruvananthapuram Smart City projects. Kowdiar-Pattom premium held at Rs 7,000–9,000/sqft. Kazhakkoottam and Sreekaryam remain IT-worker preferred zones. The coastal road project has elevated Veli-Akkulam belt values by 18%. — reinvestment in another Thiruvananthapuram property is often feasible. Deposit exemption amount in Capital Gains Account Scheme (CGAS) before ITR filing if you cannot complete purchase in time.
  • Section 54EC: Invest LTCG in NHAI, REC, or PFC bonds within 6 months of sale (up to Rs 50 lakh per financial year) for full exemption. These are long-term bonds (5-year lock-in), currently yielding ~5.75% p.a. — lower than bank FDs but the tax saving on large gains is significant.
  • Section 54F: If you sell any asset other than a residential house (e.g., plot, commercial property) and invest the entire net sale consideration (not just gains) in a residential property, LTCG is exempt proportionally.

Equity Capital Gains for Thiruvananthapuram's Investors

Thiruvananthapuram's IT/ITESprofessionals are among India's most active equity investors. Finance Act 2024 updated equity capital gains:

  • Equity LTCG (listed shares/equity MFs, held >12 months): 12.5% on gains above Rs 1,25,000 per financial year (Section 112A). On equity gains of Rs 1,75,000: exempt Rs 1,25,000, taxable Rs 50,000, tax Rs 6,500 (including 4% cess).
  • Equity STCG (held <12 months): 20% (Section 111A) — increased from 15% by Finance Act 2024. On Rs 1,00,000 STCG: tax = Rs 20,800.
  • Tax Harvesting: Sell equity investments annually to realise up to Rs 1.25L in long-term gains tax-free (within the annual exemption), then immediately repurchase the same units at the higher NAV. This resets your cost basis and avoids accumulated LTCG building up. A Thiruvananthapuram professional with a Rs 10L+ equity portfolio should do this review every March.
  • Loss harvesting: Short-term capital losses can be set off against both STCG and LTCG. Long-term capital losses can only be set off against LTCG. Carry forward unused losses for up to 8 years.

Gold Capital Gains in Thiruvananthapuram

Physical gold and gold ETFs have different treatment post Finance Act 2024:

  • Physical gold (jewellery, coins, bars): LTCG if held >24 months — 12.5% without indexation (Finance Act 2024). On Rs 5,00,000of gold with 30% appreciation over 3 years: gain Rs 1,50,000, LTCG tax Rs 19,500 (12.5% + 4% cess).
  • Sovereign Gold Bonds (SGBs): If held to maturity (8 years), redemption proceeds are fully exempt from capital gains tax — a significant advantage over physical gold. If SGBs are sold on the exchange before maturity: LTCG at 12.5% if held >12 months; STCG at 20% if less.
  • Gold ETFs and Gold Mutual Funds: Treated as debt MF for taxation (see below) — slab rate tax regardless of holding period (Finance Act 2023 change).

Debt Mutual Fund Capital Gains (Finance Act 2023 Change)

A significant rule change effective 1 April 2023: gains from debt mutual funds (where equity <35% of corpus) are now taxed at your income slab rate regardless of holding period — the previous 20% with indexation (for >3 years) is no longer available for new purchases after 31 March 2023. On Rs 50,000 debt MF gain: at 30% slab = Rs 15,600 tax; at 20% slab = Rs 10,400 tax. This makes debt MFs less tax-efficient than bank FDs for high-bracket Thiruvananthapuram professionals — though FDs also face TDS and the same slab-rate taxation.

Disclaimer

Capital gains computations are based on Finance Act 2024 provisions effective 23 July 2024. Property cost of acquisition includes stamp duty and registration charges paid at purchase. LTCG on property does not include improvement costs and brokerage (these can also be added to cost). Grandfathering provisions apply for equity investments held before 31 January 2018. Section 54/54EC exemptions have specific compliance requirements and timelines. Surcharge applies for capital gains above Rs 50L in some categories. Consult a Chartered Accountant in Thiruvananthapuram before any significant capital gains transaction.

Frequently Asked Questions — Capital Gains Tax in Thiruvananthapuram

How much capital gains tax do I pay on selling a Thiruvananthapuram property at Rs 5,500/sqft?

For a 900 sqft flat in Thiruvananthapuram purchased at Rs 49.5L (including stamp duty Rs 3,96,000 + registration Rs 99,000), cost of acquisition is Rs 54.5L. If sold after 3 years at ~8% annual appreciation (Rs 62.4L), LTCG = Rs 7.9L. At 12.5% + 4% cess: LTCG tax = Rs 1.03L. If you reinvest the gain in another property under Section 54, or in 54EC bonds (up to Rs 50L), the entire gain can be tax-exempt. STCG (if sold within 24 months) at 30% slab would be Rs 2.47L — significantly higher. Plan your holding period accordingly.

Does stamp duty paid in Thiruvananthapuram at 8% reduce my capital gains tax?

Yes — stamp duty and registration charges paid at the time of property purchase are part of your Cost of Acquisition and directly reduce your capital gain. For a Thiruvananthapuramproperty purchased at Rs 49.5L: stamp duty at 8% = Rs 3,96,000 and registration at 2% = Rs 99,000 are added to the purchase price, giving a total cost base of Rs 54.5L. This reduces your taxable LTCG by Rs 4,95,000, saving approximately Rs 64,350 in capital gains tax (12.5% + 4% cess). Similarly, renovation costs with valid receipts and brokerage paid at sale can be deducted from sale consideration.

What is the Rs 1.25 lakh equity LTCG exemption and how does it benefit Thiruvananthapuram investors?

Section 112A provides a Rs 1,25,000 annual exemption on long-term capital gains from listed equity shares and equity mutual funds. This means the first Rs 1.25L of equity LTCG in any financial year is tax-free. At 12.5% LTCG rate, this exemption saves up to Rs 16,250/year (plus cess). For Thiruvananthapuram's active SIP investors — particularly in Bengaluru and Hyderabad's tech sector where large SIP portfolios are common — the Tax Harvesting strategy (booking up to Rs 1.25L gain every March and reinvesting) resets cost basis annually, permanently eliminating the LTCG on those units. Over a 10-year period, consistent tax harvesting can save Rs 1.5-2L in total LTCG tax on a Rs 10L+ equity portfolio.

Can I avoid capital gains tax if I reinvest Thiruvananthapuram property sale proceeds?

Yes, using Section 54 (for residential property) or Section 54EC (for NHAI/REC bonds). Under Section 54, if you sell a residential property in Thiruvananthapuram and buy another residential property within 2 years (or construct within 3 years), the LTCG of Rs 7.9L is fully exempt. The new property must be in India. You can also deposit the gain amount in a Capital Gains Account Scheme (CGAS) at a nationalised bank before filing your ITR to preserve the exemption while you search for the right property. Under Section 54EC, invest up to Rs 50L in NHAI or REC 54EC bonds within 6 months of sale — capital gains up to Rs 50L are exempt, with the bonds locked in for 5 years at ~5.75% annual interest.

Thiruvananthapuram's capital gains landscape is uniquely shaped by ISRO (Indian Space Research Organisation) and VSSC (Vikram Sarabhai Space Centre) — where Thiruvananthapuram has the unusual distinction of having a large Central Government scientific workforce whose NPS retirement corpus (Section 80CCD(1) and employer 14% match) accumulates in Tier-I accounts that are EXEMPT at maturity for 60% lump sum (Section 10(12A)). Additionally, Thiruvananthapuram's Gulf NRI returnee population (significantly higher per capita than other metros) creates RNOR-window capital gains planning opportunities for overseas asset disposals. Finance Act 2024's property LTCG change (12.5% without indexation with grandfathering for pre-July 23, 2024 acquisitions) significantly benefits Thiruvananthapuram's premium Kowdiar and Vazhuthacaud residential markets. A Technopark Phase II vicinity flat purchased in 2011 for Rs 35L (including Kerala's 11% stamp) now selling for Rs 1.1Cr: New method Rs 75L × 12.5% = Rs 9.375L versus Old method: indexed Rs 35L × 363/184 = Rs 69.1L; LTCG Rs 40.9L × 20% = Rs 8.18L. Old method wins by Rs 1.195L for 2011 vintage in Thiruvananthapuram. Equity LTCG above Rs 1.25L is taxed at 10% (raised from Rs 1L in Budget 2024). STCG on listed equity is 20%.

Key Insight — Thiruvananthapuram

Thiruvananthapuram's defining capital gains insight is Kerala's 11% stamp duty creating a systematic old-method advantage — the highest stamp duty rate in India means that for virtually any Thiruvananthapuram property purchased with stamp duty included in acquisition cost, the old indexed method produces lower LTCG than comparable properties in lower-stamp states. The calculation: For a Rs 50L property purchase in Kerala: stamp+registration = Rs 5.5L. Total cost = Rs 55.5L. Same property in Maharashtra (7% stamp): Rs 3.5L stamp → total Rs 53.5L. In Gujarat (5.9%): Rs 2.95L → total Rs 52.95L. Under old indexed method (for 2011 purchase, CII 363/184 = 1.97x): Kerala indexed cost = Rs 55.5L × 1.97 = Rs 109.3L. Maharashtra = Rs 105.4L. Gujarat = Rs 104.3L. Kerala's higher stamp creates Rs 3.9L more indexed cost than Maharashtra → saves Rs 780K more in LTCG at 20% rate. At new 12.5% rate: Kerala's higher stamp saves Rs 5.5L × 12.5% = Rs 687K per Rs 50L transaction. This Kerala stamp advantage accumulates across the property holding period — the 11% upfront burden becomes a capital gains shield at sale. For VSSC faculty who purchased homes in 2009-2014: the 11% stamp systematically makes the old indexed method preferable unless appreciation is extreme (>5x). A Kazhakuttom 2BHK bought in 2013 for Rs 32L + Rs 3.52L stamp = Rs 35.52L total. Selling 2025 for Rs 95L: Old: indexed Rs 35.52L × 363/220 = Rs 58.6L; LTCG Rs 36.4L × 20% = Rs 7.28L. New: Rs 59.48L × 12.5% = Rs 7.435L. Old wins by Rs 155K. Without stamp in acquisition cost: Old: indexed Rs 32L × 363/220 = Rs 52.8L; LTCG Rs 42.2L × 20% = Rs 8.44L. Including stamp saves Rs 1.16L in old-method LTCG. The 11% stamp inclusion is essential — never exclude it from acquisition cost.

Thiruvananthapuram's Financial Context and Capital Gains Calculator

Kerala PT: Rs 1,440/year. Thiruvananthapuram is classified as NON-METRO for HRA: 40% of basic (despite being state capital). Stamp duty Kerala: 8% stamp + 2% surcharge + 1% registration ≈ 11% total — India's highest, substantially adding to acquisition cost. Property LTCG: 12.5% without indexation (Finance Act 2024); grandfathering for pre-July 23, 2024 acquisitions. NPS lump sum (60% of NPS corpus at retirement): EXEMPT under Section 10(12A) — not capital gains, not income. NPS annuity purchase (40% mandatory): the annuity payments are taxable as salary/pension, not capital gains. RNOR window: foreign income exempt for RNOR — overseas property sale during RNOR is EXEMPT. Indian property sale during RNOR: TAXABLE. CII 2024-25: 363. Kowdiar 3BHK 2009 Rs 55L (with 11% stamp) → Rs 1.8Cr: New: Rs 1.245Cr × 12.5% = Rs 15.5625L. Old: indexed Rs 55L × 363/148 = Rs 134.9L; LTCG Rs 65.1L × 20% = Rs 13.02L. Old wins by Rs 2.54L — Kerala's 11% stamp massively boosts acquisition cost, making old method better even at 3-4x appreciation. Technopark flat 2008 Rs 38L (with stamp) → Rs 1.5Cr: New: Rs 1.12Cr × 12.5% = Rs 14L. Old: indexed Rs 38L × 363/137 = Rs 100.8L; LTCG Rs 99.2L × 20% = Rs 19.84L. New wins by Rs 5.84L — high appreciation in Technopark area makes new method better. Equity LTCG: 10% above Rs 1.25L. SGB maturity: exempt.

VSSC and ISRO Scientists — NPS Lump Sum Exemption and Property LTCG in Retirement Year

Thiruvananthapuram's VSSC/ISRO scientific workforce receives New Pension System (NPS) benefits on retirement — the most generous NPS structure in India at the senior scientist level. The NPS at maturity: Total NPS corpus (employee contribution + employer 14% basic match over career). At retirement: 60% lump sum withdrawal is EXEMPT under Section 10(12A) — not income, not capital gains. 40% mandatory annuity purchase from NPS-empanelled insurer (LIC, SBI Life, ICICI Prudential Life): annuity payments are taxable as 'Income from Salary' or 'Pension' (added to annual income at slab rate — NOT capital gains). A VSSC scientist retiring at Grade Level 14 with Rs 1.2Cr NPS corpus: Rs 72L lump sum → EXEMPT. Rs 48L annuity → generates Rs 4L-5L annual income taxable at slab. In retirement year, if VSSC scientist also sells investment property: the NPS lump sum (Rs 72L exempt) does NOT crowd out or interact with Section 54 LTCG exemption. Section 54 LTCG exemption is available on the full property LTCG amount even in the same year as NPS maturity. Capital gains + NPS year planning: if VSSC scientist receives Rs 72L NPS lump sum (exempt) + property sale Rs 50L LTCG (taxable, say Rs 7L tax) + FD interest Rs 3L (taxable at slab): Total income for tax = property LTCG Rs 50L (flat 12.5%) + FD Rs 3L (slab rate) + Rs 48L annuity investment (not income yet). Annual pension income from annuity starts in next year. New regime in retirement: Rs 3L FD → below Rs 4L new regime exemption threshold → zero tax on FD. LTCG Rs 7L (from Rs 50L at 12.5% flat). Use Section 54 to eliminate LTCG if buying new property. Retirement year total tax: potentially zero if Section 54 applied.

Gulf NRI RNOR Window — Foreign Property Capital Gains Planning

Thiruvananthapuram has Kerala's highest per-capita Gulf NRI population — Saudi Arabia, UAE, Kuwait, Qatar returnees who return to their ancestral homes after 15-25 years abroad. RNOR status lasts 1-3 years from the first year of return (depending on how long they were NRI before return). During RNOR: Foreign-source income is EXEMPT from India tax: UAE property sale → LTCG exempt. Saudi bank account interest → exempt. Foreign pension → exempt. Gulf rental income during RNOR → exempt. HOWEVER: Indian property sale → TAXABLE (even during RNOR). Indian FD interest → taxable. Indian equity capital gains → taxable. Strategic RNOR year asset disposals for Thiruvananthapuram returnees: (1) Sell UAE property (Dubai apartment, Sharjah villa) during RNOR → zero Indian tax on foreign capital gains. After RNOR ends (become Ordinary Resident): same Dubai property sale would be taxable in India at 20% with indexation as foreign asset (Schedule FA mandatory). (2) Repatriate UAE/Saudi FDs while RNOR → interest is foreign income → exempt. After RNOR: FD interest from India would be taxable; but foreign FD interest would also become taxable (not exempt after RNOR ends). (3) Indian property: don't time this to RNOR year to save tax — there's no benefit. RNOR doesn't exempt Indian property LTCG. (4) Plan: RNOR window is 1-3 years maximum — urgency to dispose foreign assets in this window. Many Thiruvananthapuram returnees hold Dubai apartments (purchased 2010-2018 at AED 500,000-1,000,000). Selling during RNOR: zero India tax. Delaying until Ordinary Resident status: full India LTCG at 20%+indexation on the gain in INR terms. Sell Dubai property while RNOR — possibly the highest-value tax planning decision for Kerala Gulf NRI returnees.

More Questions — Capital Gains Calculator in Thiruvananthapuram

I'm a VSSC scientist (Level 13, NPS corpus Rs 95L) retiring next year. I also have a Kazhakuttom 2BHK (purchased 2014 for Rs 40L including stamp, now Rs 1.05Cr). Section 54 strategy?

VSSC retirement year comprehensive LTCG analysis: NPS at retirement: Rs 95L corpus. 60% lump sum: Rs 57L → Section 10(12A) EXEMPT. 40% annuity: Rs 38L used to purchase annuity → Rs 3-4L annual pension starting post-retirement (taxable at slab). NPS lump sum has zero interaction with property LTCG or Section 54 — they are independent. Kazhakuttom property LTCG: Acquisition: 2014 at Rs 40L. CII 2014-15: 240. New method: Rs 1.05Cr - Rs 40L = Rs 65L × 12.5% = Rs 8.125L. Old method: indexed Rs 40L × 363/240 = Rs 60.5L; LTCG Rs 44.5L × 20% = Rs 8.9L. New method wins by Rs 775K. LTCG: Rs 65L at 12.5% = Rs 8.125L. Section 54 options: You're a Central Government campus resident (VSSC quarters) — you own this Kazhakuttom flat as your only property. After selling, you own zero properties. Buying a new flat: (a) Continue living in VSSC quarters while buying new Kazhakuttom flat as investment/future retirement home: Section 54 applies → reinvest Rs 65L in new residential property → full LTCG exempt. (b) Retire from VSSC quarters, move to self-owned Thiruvananthapuram flat: buy a Kowdiar or Enchakkal flat for Rs 65L+ → Section 54 → zero LTCG. CGAS: if retirement year ITR filing (July 31) arrives before new flat purchase is finalized → deposit Rs 65L in CGAS at SBI → claim exemption in ITR → complete purchase within 2 years from sale date. Under-construction: VSSC Colony RERA projects (Technopark proximity) → Section 54 construction window 3 years. Zero LTCG is achievable — the Rs 8.125L potential tax is entirely avoidable through Section 54.

I'm a Gulf NRI who returned to Thiruvananthapuram in January 2024 (RNOR for FY2024-25 and FY2025-26). I own a Dubai apartment (bought AED 600,000 in 2015, current value AED 950,000). If I sell now, is the gain taxable in India?

Dubai apartment sale during RNOR — comprehensive analysis: Step 1 — RNOR status confirmation: Returned January 2024. For FY2023-24 (April 2023 - March 2024): you were in India for less than 182 days (arrived January 2024 = approximately 90 days) → NRI for FY2023-24. For FY2024-25 (April 2024 - March 2025): first full FY in India → check number of days. If 365 days in India AND if you were NRI for 9 of the last 10 preceding FYs → RNOR for FY2024-25. For FY2025-26 (April 2025 - March 2026): second year → likely still RNOR if you haven't been India-resident for sufficient prior years. Confirm RNOR status with CA based on exact travel records. Step 2 — If selling Dubai apartment while RNOR (in FY2025-26): Dubai apartment is a FOREIGN ASSET. RNOR exemption: income/gains from foreign source → EXEMPT during RNOR. Dubai property sale gain = foreign source capital gains → EXEMPT from India income tax during RNOR. Zero Indian LTCG tax on AED 350,000 gain (AED 950,000 - AED 600,000). Step 3 — Convert gain to INR for reference: AED 350,000 × Rs 22.7 (AED/INR) = approximately Rs 79.45L gain that would have been taxable after RNOR ends but is EXEMPT now. Tax saved: Rs 79.45L × 20% with indexation = approximately Rs 8-12L depending on indexation. Step 4 — After RNOR ends (if you hold Dubai apartment and sell as Ordinary Resident): Foreign asset LTCG taxed at 20% with indexation. Schedule FA mandatory. India-UAE DTAA: may apply if UAE also taxes the gain (UAE has no capital gains tax currently). Step 5 — Practical urgency: Sell Dubai apartment before RNOR status ends. Do NOT delay — every year of delay after RNOR ends exposes you to Indian LTCG. File ITR-2 during RNOR years disclosing the foreign asset under Schedule FA even if exempt.

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