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Capital gain on residential house

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(Querist)
15 March 2023 Dear Sir,
It would be under short term capital gain or long term capital gain in following conditions -

1. Residential plot purchased on April 2019.
2. Construction done during 2020.
3. House sold on July 2022.

Please clarify.
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Dhirajlal Rambhia

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Dhirajlal Rambhia (Expert)
15 March 2023 Whether construction completed before July 2020?
If yes, then whole HP will be eligible for LTCG..
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tony

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tony (Querist)
15 March 2023 yes it was completed, and if it is completed after july 2020 then how it would be calculated



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Dhirajlal Rambhia

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Dhirajlal Rambhia (Expert)
15 March 2023 In that case LTCG will be only over Land portion, while rest part will be under STCG.

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