Capital Gain
This query is : Resolved
08 July 2011
hi,
i would like to know weather Short term capital gain on sale of house property charged @15% or weather the gain will be treated as normal income and the normal tax would apply (if the property is sold before 3 years)pls ans as soon as possible
hi,
i would like to know weather Short term capital gain on sale of house property charged @15% or weather the gain will be treated as normal income and the normal tax would apply (if the property is sold before 3 years)pls ans as soon as possible
08 July 2011
IT IS TREATED AS A NORMAL INCOME
08 July 2011
tax rate is 30% on Short term capital gain on sale of house property.
in the case of individual will be treated as normal income and the normal tax would apply
in the case of individual will be treated as normal income and the normal tax would apply
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