Capital gain on residential house

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tony (Querist)
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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.

Dhirajlal Rambhia

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

tony

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

Dhirajlal Rambhia

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

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