Capital gain
This query is : Resolved
12 October 2013
Sir,
one of our client has sold his property which he acquired almost 2 years back.Now I want to know what are the best options to be given so the tax liability is restricted to minimum ?
please help me out
It was a residental property and the building was getting built up and he had acquired when the construction had started.Now the building is on its completion stage
CA Pallav Singhania
(Expert)
12 October 2013
Asset {other than shares and securities} sold within 3 years from the date of acquisition will be treated as short term capital gain,
No exemption will be allowed under any section...
regards,
No exemption will be allowed under any section...
regards,
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