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short term capital gain tax query

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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.

CA Manish (Expert)
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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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