I am planning to sell a property bought 2 years ago and buy another property with the money I get from sale. Do I need to pay stcg on the value from sale of property or it can be offset against the money I spend in buying another property
Heeral Shah
(2 Points)
Replied 26 February 2017
I am planning to sell a property bought 2 years ago and buy another property with the money I get from sale. Do I need to pay stcg on the value from sale of property or it can be offset against the money I spend in buying another property
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(160322 Points)
Replied 27 February 2017
@ Heeral Shah: As per new proposal in finance act, 2017; you will be able to get the benefit of tax exemption by purchase of new house property, when sold property is held for 2 years or more. (It will get status of Long Term holding)
Sharad
(Professional)
(73 Points)
Replied 19 July 2017
What are the tax saving options for Short Term Capital Gains (Section 54, etc)...experts pls guide.
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