How to save tax while selling a house

Timing is critical in finance, especially if you want to make a profit. Of course, you need to pick a good time to take advantage of the appreciation in value, but it's equally important to keep an eye on the calendar to avoid paying a hefty amount as tax. It was a lesson learnt well by Mumbai-based Benny Abraham when he sold his house in 2011 within two years of purchasing it. "The property was fetching me nearly 60% in profits on the initial investment , so when I got an offer to sell it, I immediately agreed," says Abraham, a brand consultant....

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