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Tax on capital gain short terms

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(Querist)
17 November 2015 I PURCHASDED HOME FOR 38 LAKHS DURING JAN 2015 AND NOW SELLING SAME FOR 70 LAKHS WHAT IS TAX I HAVE TOPAY WHETHER I CAN CLAIM REBATE UNDER SAECTION 54 BY PURCHASEING NEW HOUSE
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Bhaskaran Chackrapani Warrier

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Bhaskaran Chackrapani Warrier (Expert)
17 November 2015 Can't claim section 54. Instead, have to pay tax on the short term gain.

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