Capital loss

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Anuj Verma (Querist)
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17 October 2015 R/all, I purchased agriculture land in Aug 2014 for Rs. 7,00,000.00 and expenses incurred 30,000 for travelling, fees to advocate and commissions etc. due to urgent need of money I sold the same property for Rs. 7,25,000.00 in Jan 2015 how to show the same in my income tax return. I not have any taxable income in Acc. year 2014-15. please suggest. regard

Amol S Joglekar

Amol S Joglekar (Expert)
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17 October 2015 Show it under short term capital gain. (As pointed out by you, it is a case of short term capital loss)

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