Capital gain
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
18 December 2016
A Lady has purchased a plot of land in 2014 and now she wants to sell it.
Now whether she comes under capital gain tax if she sell that plot of land?
she has no other income therefore comes under tax exemption limit.
Now whether she comes under capital gain tax if she sell that plot of land?
she has no other income therefore comes under tax exemption limit.
18 December 2016
If sale consideration is more than the purchase cost difference will be considered as short term capital gains. If comes under taxable limit same will be taxable as per slab rate.
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