One tax payer sold his house property on 01st march 2019, is he liable to pay capital gain before one year of sold. If he not liable for tax, how can he include his capital gain in his income tax return A.Y 2019-20?
04 June 2019
Can you provide the exact dates of purchase and sell to determine whether it is short term or long term capital gain. And in any case if there is a gain on sale of property whether short term or long term you have to pay tax. However, against long term capital gain if any deductions are there can be claimed u/s 54,54F etc.
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