short term capital gain tax query
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
12 October 2012
I had purchased an apartment in bangalore in june 2010 registering for 31 lakhs and paying 240000 as registration + Stamp duty.
Also 400000 were paid towards furniture in apartment.
I have sold the apartment in sept 2012 for 57 lacs.(Sale deed registered for 57 lacs).
Please advice on how i can invest 57 lacs to reduce my short term Capital gain tax.
Also 400000 were paid towards furniture in apartment.
I have sold the apartment in sept 2012 for 57 lacs.(Sale deed registered for 57 lacs).
Please advice on how i can invest 57 lacs to reduce my short term Capital gain tax.
12 October 2012
There is no scheme of exemption for short term capital gain arising on account of sales of house property.
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