The Tax Benefits of Buying a Commercial Plot in Gurgaon

 

Gurgaon is one of the most sought-after commercial real estate markets in India. The city is home to a number of multinational corporations, startups, and other businesses, which has led to a high demand for commercial space. As a result, the prices of commercial plot in Gurgaon have been rising steadily in recent years.

In addition to the potential for capital appreciation, there are also a number of tax benefits that can be enjoyed by investors who buy commercial plots in Gurgaon. Here are some of the key tax benefits:

  • Standard deduction: Investors can claim a standard deduction of 30% of the annual value of the property for repairs, insurance, electricity, water supply, and other expenses. This deduction is available regardless of whether the property is rented out or not.

  • Interest deduction: Investors who take a loan to buy a commercial property can claim a deduction on the interest paid on the loan. The maximum deduction that can be claimed is Rs. 2 lakh per annum.

  • Capital gains exemption: Investors who sell a commercial property after holding it for more than 3 years are exempt from capital gains tax.

These are just some of the tax benefits that can be enjoyed by investors who buy commercial plots in Gurgaon. If you are looking for a way to invest in real estate and save money on taxes, then buying a commercial plot in Gurgaon could be a good option for you.


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