Short term capital gain

santosh patil (Finance Professional) (275 Points)

06 November 2015  

Dear Members,

One of my client purchased residential property at Mar 2013 of Rs.40 lacs and sold out in Jul 2014 of Rs.65 lacs.

He having Short term capital gain os Rs.25 lacs and he is invested rs 21 lacs  on mar 2015 in another residential property.

How much he is liable to pay tax...

 

On entire 25 lacs or 4 lacs

Regards

Santosh