Capital Gain on property Sale
This query is : Resolved
12 November 2019
Hello All
Sir I have purchased property in 2014 . Started Construction in 2018 and finish in 2019 Dec. I want to Sell it in Jan 2020. Whether the capital gain should be long term or short term? How to calculate the gains ?
Pl advise.
Regards
Sir I have purchased property in 2014 . Started Construction in 2018 and finish in 2019 Dec. I want to Sell it in Jan 2020. Whether the capital gain should be long term or short term? How to calculate the gains ?
Pl advise.
Regards
13 November 2019
Land being held for more than 24 months would qualify for LTCG. Building thereon shall be subjected to STCG. It would be good if you bifurcate the value of land and building in the sale deed of property.
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