Capital gain
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
01 September 2012
HELP ME IN THIS ...
IF AN ASSES SEE ACQUIRED AN CAPITAL ASSET ON PARTITION AND SOLD THAT PROPERTY WITH IN ONE YEAR .... IS IT SHORT TERM OR LONG TERM CAPITAL GAIN
IF AN ASSES SEE ACQUIRED AN CAPITAL ASSET ON PARTITION AND SOLD THAT PROPERTY WITH IN ONE YEAR .... IS IT SHORT TERM OR LONG TERM CAPITAL GAIN
01 September 2012
Please consider the period of holding including that of the previous owner and if it is more than 36 months it is LT. Refer section 2(42A) explanation 1(i) (b) and section 49(1)(i) of the IT Act,1961.
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