Avoiding stcg through property investment
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
04 September 2016
Hello, I've some investments into debt funds and equity mutual funds which I initiated 1-2 years ago (less than 3 years ago) and I would like to consider buying home/plot investment property. I understand if I redeem, I'll have to pay the following,
1) short term capital gains tax (STCG) since it's less than 3 yrs for debt funds - as per my income tax slab
2) and since it's less than a year for equity funds - 15%
Here my query is - If I redeem any of them in full / partial and invest in plot/home investment property, will I not be liable to pay STCG? I am looking at buying some investment property and hence I want to redeem some of my mutual funds before they complete 3 years. Please suggest if this works or the other alternate ways to avoid STCG taxation.
1) short term capital gains tax (STCG) since it's less than 3 yrs for debt funds - as per my income tax slab
2) and since it's less than a year for equity funds - 15%
Here my query is - If I redeem any of them in full / partial and invest in plot/home investment property, will I not be liable to pay STCG? I am looking at buying some investment property and hence I want to redeem some of my mutual funds before they complete 3 years. Please suggest if this works or the other alternate ways to avoid STCG taxation.
Amol S Joglekar
(Expert)
05 September 2016
no exemption as such for Short Term Capital Gains.
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