Capital gain
This query is : Resolved
05 September 2017
I bought the Residential Property on 30.08.2015 and Selling the same on 15.09.2017.
Let me know about Capital Gain i.e. Long term or Short term.
Let me know about Capital Gain i.e. Long term or Short term.
05 September 2017
you can read the definition of LONG TERM CAPITAL GAIN 2(29A) AY 18-19 and Long Term Capital Asset
Dibin Divyakumar
(Expert)
05 September 2017
Property Held for 2 Year is a "Short Term Capital Asset" u/s 2(42A)
Dibin Divyakumar
(Expert)
05 September 2017
Ok, I stand corrected WEF. AY 01.04.2018, PY 2017-18, the period has been reduced to Twenty four months.
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