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Capital gain

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Querist : Anonymous

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Querist : Anonymous (Querist)
12 December 2013 Assesse Purchase flat in 2010 and same flat is sold 2013 with 3 year (2 year 333 days only) and again invested to new flat in 2013,

quire is that it is long term capital gain or short term capital gain.
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CA PARAS BAFNA

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CA PARAS BAFNA (Expert)
12 December 2013 Its short term capital gain as the asset is held for a period not more than 36 months.
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CMA Ramesh Krishnan

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CMA Ramesh Krishnan (Expert)
12 December 2013 Yes.since not more than 36 months it is short term capital gains
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